MRO Holdings, a leading provider of aircraft maintenance solutions for the global commercial airline industry, has agreed to a strategic minority investment from Bain Capital to support the company’s ongoing development and expansion of customer-centric initiatives.
Based in Panama with customer maintenance facilities in El Salvador, Mexico, and the US, MROH is one of the leading MRO providers in the Americas, performing about 10 million hours of aircraft maintenance and modifications for commercial airline customers annually. And the MROH Group of Companies’ existing management team, led by Greg Colgan, will continue to lead the business alongside its existing investment partners, the Kriete family and Caoba Capital.
Solomon Partners and Greenberg Traurig served as MROH’s financial and legal advisors, respectively. A&O Shearman served as legal advisor, and Griffin Global Asset Management served as an advisor to Bain Capital on the deal.
The financial terms of the private investment were undisclosed and the transaction is subject to customary closing conditions.
KEY QUOTES:
“This investment represents a major milestone in the company’s development and recognition of MROH’s Americas strategy for aircraft maintenance. Bain Capital’s aerospace and operational expertise will help further scale our platform, expand our capabilities through a mix of organic and strategic growth initiatives and continue MROH’s track record of delivering exceptional service for our customers.”
– Roberto Kriete, Chairman of MROH
“MROH has established itself as a world-class aircraft maintenance provider and is recognized across the industry for its dedicated partnership with customers and commitment to creating long-term value through its comprehensive services and solutions offering. We believe the company is well-positioned to continue its upward trajectory and capitalize on attractive market opportunities and look forward to partnering with MROH and leveraging our global aviation industry experience to support the next phase of its growth strategy.”
– Matt Evans, a Partner at Bain Capital
