HIG Capital has announced the acquisition of International Aerospace Coatings (IAC), a leading provider of aircraft painting solutions with operations in Irvine, California and Shannon, Ireland. This strategic move positions HIG Capital to expand its footprint in the aerospace services sector, leveraging IAC's specialized expertise in aircraft painting, engineering, and advanced asset management through its Eirtech Aviation Services division. IAC serves a diverse client base including original equipment manufacturers, major airlines, operators, and maintenance, repair, and overhaul (MRO) providers, making it an attractive addition to HIG's portfolio. The acquisition underscores growing investor confidence in the aerospace industry recovery and specialized service providers. Martin O'Connell continues to serve as CEO of IAC, ensuring continuity during this transition period. While financial terms of the deal remain undisclosed, the acquisition represents HIG Capital's commitment to identifying and investing in high-potential companies within the aerospace value chain.

Key Points:

- HIG Capital acquires International Aerospace Coatings (IAC), expanding its aerospace services portfolio

- IAC provides aircraft painting, engineering, and asset management solutions to OEMs, airlines, and MRO providers

- The company maintains dual headquarters in Irvine, California and Shannon, Ireland

- Martin O'Connell continues as CEO following the acquisition

- Financial terms of the deal were not disclosed by the parties