Mergers & Acquisitions ·
AAR Corp agrees to acquire 65% of MRO Holdings for $4.0B in cash and stock
AIRAar Corp
AAR CORP. entered into a Share Purchase Agreement to acquire a 65% controlling interest in MRO Holdings for an implied enterprise value of $4.0 billion. The consideration includes approximately $1.82 billion in cash and 5,783,894 shares of Series A Convertible Preferred Stock valued at $780.8 million. Concurrently, the Company closed a PIPE offering of 2,215,791 common shares at $104.50 per share for approximately $231.6 million in gross proceeds to fund part of the transaction. The acquisition is expected to close in fiscal Q3 ending February 2027, subject to regulatory approvals and customary conditions. AAR operates as a global aerospace and defense aftermarket solutions company providing parts supply, repair engineering, software, and government solutions.