Tiger Infrastructure Partners (Tiger), a private equity infrastructure investor, has announced the acquisition of International Aerospace Coatings (IAC) Group, which includes Eirtech Aviation Services. IAC Group is one of the world’s leading aviation services providers headquartered in Shannon, Ireland and Irvine, California.
IAC’s portfolio of 18 aircraft hangars is strategically located at seven airports and two customer sites in the United States and Europe, providing essential services to customers in the global aviation industry, including aircraft manufacturers, commercial airlines, aircraft leasing companies, air cargo carriers and governments. IAC Group employs more than 1,000 people worldwide, including more than 250 in Shannon, Ireland.
“As a growth-oriented infrastructure investor, we were attracted to IAC because of its compelling growth prospects, leading market position, substantial asset base and stakeholder relationships along with its strong balance sheet,” said Emil W. Henry, Jr., CEO of Tiger Infrastructure.
“With operations in both the United States and Europe, IAC aligns well with Tiger’s trans-Atlantic footprint and capabilities, which are a source of competitive advantage for us in the markets in which we operate.” Tiger invests in sectors such as Digital Infrastructure, Energy Transition and Transportation in North America and Europe.
