H.I.G. Capital, the global alternative investment firm managing US$75 billion in assets, has completed the acquisition of International Aerospace Coatings (IAC), strengthening its presence in the aviation services sector.
Headquartered in Irvine, California, and Shannon, Ireland, IAC is widely recognised as a leading provider of aircraft painting solutions for original equipment manufacturers (OEMs), major airlines, operators, and maintenance, repair and overhaul (MRO) providers. Through its Eirtech Aviation Services (EAS) division, the company also delivers engineering and advanced asset management services.
IAC has built a strong reputation across the aviation industry for high-quality workmanship, dependable delivery schedules, and consistent operational performance, making it a trusted long-term partner for customers worldwide.
Martin O’Connell, Chief Executive Officer of IAC, welcomed the deal and said the partnership with H.I.G. would support the company’s next phase of growth. He noted that increasing demand for premium aircraft painting services is creating significant expansion opportunities for the business.
“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,” O’Connell said.
H.I.G. executives also highlighted IAC’s strong market position and future growth potential. Doug Berman, co-President at H.I.G., said the company’s established reputation for quality, reliability, and customer service made it an attractive investment.
“We are pleased to partner with IAC and believe the company is well positioned to continue gaining share as airlines, OEMs, lessors, and operators prioritise quality, turnaround time, and consistency,” Berman said.
The acquisition reflects continued investor confidence in the aviation services market, particularly in specialist providers capable of supporting fleet maintenance, refurbishment, and operational efficiency demands as global air travel continues to recover and expand. With additional backing from H.I.G., IAC is expected to accelerate its international growth strategy and further strengthen its capabilities across key aviation markets.
