H.I.G. Capital Completes Acquisition of International Aerospace Coatings

H.I.G. Capital, a leading global alternative investment firm managing approximately $75 billion in capital, has completed the acquisition of International Aerospace Coatings (IAC).

Headquartered in Irvine, California, and Shannon, Ireland, IAC is a leading provider of aircraft painting services for aircraft manufacturers, airlines, operators, and maintenance, repair, and overhaul (MRO) companies. Through its Eirtech Aviation Services (EAS) division, the company also offers engineering and advanced asset management solutions. IAC has built a strong reputation for delivering high-quality services and completing projects on schedule, making it a trusted partner for customers across the global aviation industry.

Martin O’Connell, Chief Executive Officer of IAC, said, “We are thrilled to welcome H.I.G. as a partner, as we scale IAC to meet growing demand for high-quality aircraft painting services. With H.I.G.’s experience and resources, we plan to expand our geographic footprint, invest in additional hangar capacity, and selectively pursue add-on acquisitions.”

Doug Berman, Co-President at H.I.G., said, “IAC has built an outstanding reputation for quality, reliability, and customer service. We are pleased to partner with IAC and believe the Company is well positioned to continue gaining share as airlines, OEMs, lessors, and operators prioritize quality, turnaround time, and consistency.”

Source: H.I.G. Capital