AE Industrial Partners Acquires AIM MRO | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-Monday

Airborne UnManned

Airborne Unlimited-Wednesday Airborne Special Edition Airborne Flight Training

Airborne Unlimited-
Friday

Airborne-ANN Airborne Unlimited--05.17.21

Airborne-Unmanned-05.11.21

Airborne-Unlimited-05.12.21 Airborne Special Edition--04.30.21 Airborne-Flight Training-05.13.21

Airborne Unlimited--05.14.21

Airborne On YouTube

Airborne Unlimited--05.17.21

Airborne-Unmanned-05.11.21

Airborne-Unlimited-05.12.21 Airborne Special Edition--04.30.21

Airborne-Flight Training-05.13.21

Airborne Unlimited--05.14.21

Fri, Dec 06, 2019

AE Industrial Partners Acquires AIM MRO

Terms Of The Transaction Were Not Disclosed

AE Industrial Partners, a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets, has acquired AIM MRO, a manufacturer and supply chain manager of highly engineered consumable repair products and materials used primarily in the aerospace engine aftermarket. Terms of the transaction were not disclosed. AIM MRO represents the fifth new platform investment closed in 2019 by AEI.

AIM MRO is a "one-stop-shop" serving aerospace engine and gas turbine Maintenance, Repair and Overhaul ("MRO") facilities worldwide in their demand for highly engineered consumable parts and materials used in the repair of flight critical engine components. Serving the aerospace engine aftermarket for over 25 years, the Company has developed a reputation as a leading and trusted supplier due to its unique proprietary products and processes, its breadth of material management services, and its highly responsive customer service. AIM MRO's proprietary diffusion braze products significantly reduce repair costs and turnaround times, and its highly skilled engineering team has developed a diverse and growing set of customized solutions for its customers.  

AIM MRO has longstanding relationships with leading aerospace OEMs and MRO providers globally. Based in Cincinnati, Ohio, AIM MRO operates facilities in the US and Singapore, as well as on-site services at customer locations globally.

"AIM MRO has been on our radar for several years given its strong fit within our investment approach," said Jon Nemo, Senior Partner at AEI.  "We are excited to partner with the AIM MRO management team who will continue in their leadership roles and remain stakeholders in the Company."

"We are proud to have built an outstanding business over the last 25 years with a unique global presence within the aerospace engine aftermarket," said Scott Wandtke, CEO of AIM MRO. "We look forward to working with AEI given their deep industry knowledge and relationships as well as their strong track-record of helping businesses like AIM MRO accelerate their growth and market position."

"AIM MRO is well-positioned to address the repair needs of the large and growing installed base of aerospace engines globally," said Bryan McElwee, Vice President at AEI. "AEI is strategically focused on aerospace engine repair technologies and services, and sees multiple opportunities to expand AIM MRO's unique capabilities to even better serve its customers."

Kirkland & Ellis served as legal advisor and Ernst & Young was the financial advisor to AEI. Robbins Kelly Patterson & Tucker served as legal advisor and Duff & Phelps was the financial advisor to AIM MRO.

(Source: AE Industrial Partners news release)

FMI: www.aeroequity.com

Advertisement

More News

VoloConnect Designed to Expand Volocopter UAM Ecosystem

Unveils New Urban Air Mobility Aircraft Design Volocopter has unveiled its newest aircraft, VoloConnect. This electric vertical take-off and landing aircraft (eVTOL) is designed to>[...]

Airborne 05.12.21: 300th Bell 505, Unifor v ALPA, Beech Training

Also: B-1Bs Resume Flight Ops, PC-24 Goes Lithium, CAF Mile High Wing, Coast Guard Awards 4 The 300th Bell 505 Jet Ranger X has been delivered to the Jamaica Defence Force (JDF). T>[...]

Airborne-Flight Training 05.06.21: Skyborne-US, Leonardo Training, Master CFI

Also: UPRT Partnership, Launch Activity Areas, AF Youth Programs, Virtual Reality FST Skyborne Aviation Group has completed the acquisition of its new Flight Academy located in Ver>[...]

Aero-News: Quote of the Day (05.15.21)

“A new runway is more than just a victory for aviators—it’s an asset for the entire community. Skiatook is growing in population because of their proximity to Tul>[...]

ANN's Daily Aero-Linx (05.15.21)

Aero Linx: United States Powered Paragliding Association Paragliding is the simplest form of flight: no plane, no windows, just you floating on air. A paraglider is a foot-launched>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2021 Web Development & Design by Pauli Systems, LC