AcquisitionSep 28, 2026Pending
🇺🇸 United States
MMRO HoldingsAAAR CORP.
Industrials › Aerospace & Defense
Enterprise value$4BEnterprise value
AnnouncedSep 28, 2026
ConsiderationCash and stock
StructureOther
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
AAR CORP agreed to acquire a 65% controlling interest in MRO Holdings for an implied enterprise value of $4.0 billion, with an equity value of approximately $1.8 billion, funded through new debt, equity issued to existing MRO Holdings shareholders, and a PIPE offering.
Deal rationale
The acquisition is expected to expand AAR's aftermarket platform, enhance scale, margins, and cash flow, and create growth opportunities across its Parts, Repair, and Software activities.
AI-generated from the SEC filingPendingIndustrials › Aerospace & DefenseUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | $1.8B | |
|---|---|---|
| Enterprise value | $4B | Headline figure |
| Consideration | Cash and stock |
Advisors
Buy-side
CPCenterview PartnersGSGoldman SachsWBWilliam Blair
Sell-side
RCRBC Capital MarketsSPSolomon Partners
Parties
Target
MMRO Holdings
- Headquarters
- United States
- Ticker
- —
Acquirer
AAAR CORP.
- Headquarters
- United States
- Ticker
- —