Segment Reports

A&D Aftermarket M&A Transactions - October 2026


Download and read the October 2026 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
Sepang Aircraft Engineering
a subsidiary of
Airbus
 



Malaysia Aviation Group

 

 
  • Target: Malaysia-based Sepang Aircraft Engineering provides maintenance, repair, overhaul, and modification services primarily for Airbus A320 and A321 family aircraft. The company supports operators with base and line maintenance, major repairs, cabin modifications, component services, engineering support, lease returns, and AOG services.

  • Buyer: Malaysia-based Malaysia Aviation Group is a global aviation holding company operating across air transportation, ground services, aircraft leasing, and talent development. The group provides commercial airline operations, airport and cargo handling, aircraft leasing, and aviation workforce development through its portfolio of subsidiaries.

  • Terms: Transaction announced on October 1, 2026. Terms not disclosed.

Aero-Mach

 

Ontic

a portfolio company of

CVC Capital Partners

  • Target: Wichita, KS-based Aero-Mach provides aerospace manufacturing, aircraft instrument MRO, parts distribution, and engineering support for OEMs, operators, and maintenance providers. The company specializes in low-volume aviation components, instrument and fuel system repair, static dischargers, electrical and braking parts, and sustaining engineering across commercial and military aircraft platforms.

  • Buyer: Chatsworth, CA-based Ontic designs and manufactures OEM-pedigree components and aftermarket solutions for legacy aerospace platforms. The company specializes in avionics and electronics, electro-mechanical systems, hydraulics, pneumatics, fuel systems, APUs, engines, and landing gear, complemented by MRO services, including repair, recertification, modification, and parts support for commercial and military aircraft.

  • Terms: Transaction announced on October 1, 2026. Terms not disclosed.

ATL Turbine Services
a portfolio company of
Foresight
barnes-aerospace-color
a portfolio company of
Apollo
  • Target: United Kingdom-based ATL Turbine Services repairs and refurbishes hot-section gas turbine components for aerospace, defense, marine, and industrial applications. The company provides component assessment, engineering, coatings, machining, welding, heat treatment, and nondestructive testing.

  • Buyer: Windsor, CT-based Barnes Aerospace provides precision manufacturing and aftermarket MRO services for commercial and military aircraft engines and industrial gas turbines. The company produces complex engine components and assemblies, including casings, frames, rotating components, seals, and fabricated structures, while offering repair and overhaul solutions for critical turbine engine hardware.

  • Terms: Transaction announced on October 1, 2026. Terms not disclosed.

 

Vertical Aerospace

 

First Class Air
a portfolio company of

O2 Investment Partners

  • Target: Bristow, OK-based Vertical Aerospace provides complex aircraft structural repair, engineering, and fabricated part manufacturing services. The company supports aircraft structures and components with composite processing, metal treatment, nondestructive testing, welding, and specialized repair capabilities. 

  • Buyer: Louisville, KY-based First Class Air Support distributes aftermarket aircraft components, including new, serviceable, overhauled, rotable, and expendable parts. The company also provides inventory consignment, engine and airframe tooling sales and leasing, cargo loading systems, aircraft maintenance consulting, storage, and teardown services for commercial aviation operators and aftermarket customers.

  • Terms: Transaction announced on October 5, 2026. Terms not disclosed.