Private aircraft maintenance, repair, and overhaul (MRO) provider
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Acquisition target — 65% sold to AAR, 35% retained by owners
AAR Corp., an Illinois-based aviation parts and repair company, agreed on Sept. 28 to buy a 65% stake in MRO Holdings, a private-equity-backed aircraft maintenance firm, in a deal that values MRO Holdings at $4 billion. The combination creates what AAR says will be the world's largest heavy-maintenance provider, servicing nearly 3,000 aircraft a year across its hangars.
Updated 2 hours ago
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