AAR to acquire 65% of MRO Holdings in multi‑billion‑dollar deal
Based on · First reported
Sources
- AAR announced it will acquire a 65% stake in MRO Holdings, the parent of Salvadoran Aeroman, for a price equal to 10.7 times the target’s adjusted EBITDA for calendar year 2026, with the transaction still subject to regulatory review.
- The deal includes $75 million of annual cost synergies and $150 million of present‑value tax benefits, with AAR expecting to realise the full synergies within three to four years, raise its adjusted EBITDA margin to 19%–20%, and improve adjusted earnings per share in the first full fiscal year after closing; AAR will also receive 100% of MRO Holdings’ excess cash flow for the first two years and expand volume and distribution relationships across its MRO facilities.
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