Segment Reports

A&D Aftermarket M&A Transactions - December 2025

Written by Stephen Perry | January 2026

Download and read the December 2025 issue of the A&D Aftermarket Monthly, covering the latest M&A deal activity and valuation trends in the aerospace & defense manufacturing sector, including companies providing maintenance, repair & overhaul (MRO) services, parts manufacturer approval (PMA) and replacement parts, distribution and logistics, supplemental type certificate (STC) and modifications, supply chain management and aftermarket services. Sign up for the A&D Aftermarket Monthly distribution list to stay up-to-date on the headline acquisitions impacting your market and the current dynamics of the publicly traded strategic companies within the industry.

Key A&D Aftermarket Deals Announced

Target
Buyer
Description


a portfolio company of

  • Target: Chandler, AZ-based H.E.R.O.S. is a provider of MRO solutions for Rolls-Royce M250/RR300 engines, accessories, and components. The company offers routine maintenance as well as a full range of intricate repairs for a global customer base of commercial, military, and special-mission operators.

  • Buyer: Atlanta, GA-based Precision Aviation Group provides aftermarket support for aircraft and engine systems, offering parts distribution, MRO services, and component repair across commercial and defense aviation platforms worldwide. The company supports operators through integrated supply chain management, repair capabilities, and technical expertise aimed at improving fleet availability and lifecycle performance.

  • Terms: Transaction announced on December 3, 2025. Terms not disclosed.



a subsidiary of

  • Target: United Kingdom-based Swift Aerospace is a distributor of aerospace-grade fasteners, engineered components, and consumables serving airlines, MROs, OEMs, and defense customers. The company provides a broad inventory of certified hardware, traceable parts, and supply-chain support to meet regulatory, safety, and operational requirements.

  • Buyer: United Kingdom-based Clarendon Specialty Fasteners supplies high-performance aerospace fasteners and precision hardware used in airframe, engine, and system-level applications for demanding operating environments. The company focuses on sourcing, quality assurance, and inventory management to meet stringent aerospace and defense certification and delivery requirements.

  • Terms: Transaction announced on December 15, 2025. Terms not disclosed.

a portfolio company of

  • Target: Norway-based Aero Norway is a provider of aviation services specializing in aircraft maintenance, repair, and overhaul (MRO) as well as leasing and aircraft technical support. The company offers line and base maintenance, component repairs, and comprehensive technical services to support airline operators and aviation partners.

  • Buyer: Spain-based ITP Aero provides maintenance, repair, and overhaul services for aircraft engines and critical propulsion components across commercial and military platforms, supporting operators throughout the engine lifecycle. The company delivers inspection, repair, overhaul, and aftermarket support for modules, structures, and rotating parts, leveraging deep OEM-aligned engineering expertise and certified global MRO capabilities.

  • Terms: Transaction announced on December 16, 2025. Terms not disclosed.

Accessories & Components business

a subsidiary of


  • Target: Scotland-based Ethos A&C repairs a large portfolio of engine accessories including fuel nozzles, wire harnesses, starters, valves, plenum assemblies, air diffusers, and engine components including blades, vanes, seals, and other related components.

  • Buyer: Peachtree City, GA-based Wencor develops and supplies aftermarket replacement parts, consumables, and repair solutions for commercial aircraft operators and maintenance providers. The company emphasizes cost-effective alternatives supported by engineering, certification, and distribution capabilities across global airline fleets.

  • Terms: Transaction announced on December 16, 2025. Terms not disclosed.