AAR /
MRO Holdings
AAR agrees to buy a 65% controlling stake in MRO Holdings




Source for the buyer and target: AAR CORP.
For the buyer and target.
“WOOD DALE, Illinois — September 28, 2026 — AAR CORP. (NYSE: AIR) (the “Company” or “AAR”), a leading Parts, Repair, and Software platform in the aviation aftermarket, today announced it has entered into a definitive agreement to acquire a 65% controlling interest in MRO Holdings at an implied enterprise value of $4.0 billion.”
Published 28 Sep 2026
Open the sourceWhat happened
AAR signed a definitive agreement to acquire a 65% controlling interest in MRO Holdings, an aircraft heavy-maintenance provider with facilities in El Salvador, Mexico, Colombia and the United States, at an implied enterprise value of $4.0 billion. [01]
Bain Capital has been a significant minority shareholder in MRO Holdings. AAR has options on the remaining 35%. [01]
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AAR agrees to buy a 65% controlling stake in MRO Holdings
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Agreement signed · AAR agreed to acquire MRO Holdings (Agreement signed, published 28 Sep 2026).
Published 28 Sep 2026- Published by AAR CORP.
Deal Web as a list
- AAR (Buyer) agreed to acquire this deal. AAR: 1 deal on Carrywatch.
- MRO Holdings (Target) target this deal. MRO Holdings: 1 deal on Carrywatch.
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