Target
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Buyer
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Description
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Target: Greensboro, NC-based HAECO Americas provides heavy aircraft maintenance, repair and overhaul (MRO) services, engineering services and aerospace manufactured products to a broad array of commercial, government and private customers. The company's airframe services hangars can accommodate A, B and C checks; heavy maintenance visits; interiors, avionics and modifications; and passenger-to-freighter conversions, supported by specialized backshops and warehouse facilities.
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Buyer: Wood Dale, IL-based AAR is an aviation services company specializing in supply chain solutions, parts distribution, and maintenance, repair, and overhaul (MRO) operations for commercial and defense aviation. The company provides component repair, rotable exchange, inventory management, and global logistics support to airlines and MRO providers.
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Terms: Transaction announced on November 3, 2025. Purchase price was $78M.
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a portfolio company of

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 a subsidiary of

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Target: Glendale, AZ-based Unical Aviation is a distributor of aircraft engine parts and consumables, serving commercial and military operators. The company supports its customers with global sourcing, inventory stocking, and rapid parts delivery to support turbine engine maintenance and operations.
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Buyer: Atlanta, GA-based Satair is a distributor and aftermarket service provider specializing in aircraft spare parts, components, and inventory support for commercial and business aviation fleets. The company offers parts sourcing, distribution, and logistics solutions to support operators, OEMs, and MRO shops.
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Terms: Transaction announced on November 7, 2025. Terms not disclosed.
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a portfolio company of

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Target: Portsmouth, VA-based Poseidon Industrial is a maritime-focused maintenance, repair, and overhaul (MRO) company specializing in ship repair, modernization, and systems integration for naval and commercial vessels. The company provides mechanical, electrical, and systems installation and overhaul services, including full-scope repair and retrofit support for shipbuilding and maintenance programs.
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Buyer: Daphne, AL-based ARMADA is a provider of marine and maritime services specializing in vessel preservation, structural and mechanical repairs, coating and surface-treatment, and environmental containment for ships and submarines. The company delivers full-scope services including maintenance, radiological and remediation support, scaffolding/containment, staffing, and project management for naval, commercial, and industrial clients.
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Terms: Transaction announced on November 12, 2025. Terms not disclosed.
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Target: Hong Kong-based Topcast Aviation Supplies is a global aircraft-parts distributor and MRO services provider specializing in supplying OEM and aftermarket parts, consumables, and expendables for commercial, regional, and business aircraft. The company maintains a broad inventory spanning airframe, engines, avionics, wheels & brakes, GSE & tools, and cabin/ interior systems.
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Buyer: New York, NY-based Warburg Pincus is a global private equity firm that invests in a range of sectors including aerospace, industrial, and technology companies. The firm provides growth capital, strategic guidance, and operational support to help businesses expand and execute long-term value creation plans.
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Terms: Transaction announced on November 25, 2025. Terms not disclosed.
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