AAR CORP. has completed the acquisition of HAECO Americas from HAECO Group for US$78 million in cash, subject to standard adjustments. The deal immediately expands AAR’s aircraft maintenance network and supports its goal to grow its repair and engineering segment.
HAECO Americas is the second-largest heavy maintenance provider in North America, behind AAR itself. It operates two major facilities—one in Greensboro, North Carolina, and another in Lake City, Florida. These sites deliver heavy maintenance, repair, and modification services for leading commercial airlines.
“AAR has become the most sought-after heavy maintenance provider in North America, and we are excited to extend our leadership position with the acquisition of HAECO Americas. Over the last few years, we have significantly invested in training, lean initiatives, and proprietary technology to enhance quality and efficiency in our MRO operations. These efforts have resulted in reduced turn-around times for our customers, higher employee retention, and meaningful increases to operating margins. We plan to apply our successful model to the HAECO Americas facilities and expect to significantly improve profitability and operational performance,” said John M. Holmes, AAR’s Chairman, President and CEO.
Holmes added that AAR has secured long-term agreements with key customers worth more than US$850 million in future sales. These contracts will keep both HAECO facilities operating at full capacity. He noted that the expanded footprint will improve efficiency and drive higher margins across AAR’s repair and engineering operations.
The acquisition also adds over 1,600 skilled employees to AAR’s workforce. Many of them bring decades of technical experience in commercial and cargo aircraft maintenance. Around 30% are military veterans, underlining the team’s strong discipline and expertise.
