H.I.G. Capital Completes Acquisition of IAC

H.I.G. Capital, a prominent global alternative investment firm managing $75 billion in capital, has successfully acquired International Aerospace Coatings (IAC), a leading provider of aircraft painting solutions. The transaction, completed on May 15, 2026, involves an undisclosed deal value and marks a significant move for H.I.G. as it seeks to enhance IAC's operations and expand its market presence.

Headquartered in Irvine, California, and Shannon, Ireland, IAC has established itself as a trusted partner for original equipment manufacturers (OEMs), major airlines, and maintenance, repair, and overhaul providers by delivering high-quality aircraft painting services. The company operates 25 hangars across 11 locations in the U.S. and Europe, providing a robust platform for its services. Additionally, IAC's Eirtech Aviation Services division offers engineering and advanced asset management solutions, further diversifying its service offerings and enhancing its competitive position in the aviation sector.

The strategic rationale behind H.I.G.'s acquisition of IAC centers on the growing demand for high-quality aircraft painting services. As airlines and OEMs increasingly prioritize quality, turnaround time, and reliability, IAC is well-positioned to capture additional market share. H.I.G. plans to leverage its resources and expertise to support IAC's expansion efforts, including investments in additional hangar capacity and potential add-on acquisitions. This approach aligns with H.I.G.'s operationally focused investment strategy, which aims to enhance the value of its portfolio companies.

The aerospace sector has been experiencing a resurgence as travel demand rebounds post-pandemic, leading to increased activity in aircraft maintenance and painting services. This acquisition comes at a time when the industry is witnessing a shift towards more sustainable practices and enhanced service quality. IAC's established reputation for consistent quality and on-time execution positions it favorably to meet these evolving demands.

In conclusion, H.I.G. Capital's acquisition of International Aerospace Coatings underscores the growing importance of quality and reliability in the aerospace services sector. As the industry continues to recover and evolve, the partnership is expected to drive further growth and innovation within IAC, enhancing its capabilities to serve a broader customer base. The deal reflects broader market trends emphasizing operational excellence and strategic expansion in the aerospace maintenance and services landscape.