AAR to acquire 65% of MRO Holdings, parent of El Salvador's Aeroman
Based on · First reported
Sources
- AAR announced it will acquire a 65% stake in MRO Holdings, the parent company of Aeroman, with the transaction scheduled to close before the end of February 2027.
- The deal, which has unanimous board backing but still requires regulatory approval, will give AAR control of MRO Holdings' board while imposing transfer restrictions and voting support commitments on the sellers. AAR expects to realise full synergies within three to four years, raise its adjusted EBITDA margin target to 19%‑20%, and see a positive impact on adjusted earnings per share in the first full fiscal year after closing. The company also aims to maintain its BB credit rating and projects net leverage of 3.6 times at closing, decreasing to 3.0 times within two years and targeting 2.0‑2.5 times over the medium term.
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