H.I.G. Capital (“H.I.G.”) announced that one of its affiliates has completed the acquisition of International Aerospace Coatings (IAC).
Headquartered in Irvine, Calif., and Shannon, Ireland, IAC is a provider of aircraft painting solutions for original equipment manufacturers, major airlines and operators, and maintenance, repair, and overhaul providers. IAC also provides engineering and advanced asset management solutions through its Eirtech Aviation Services division.
Martin O’Connell, IAC CEO, 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.”