Tiger Infrastructure Partners Announces Fund III Sale of IAC, a Global Leader in Critical Aviation Services, Following Successful Implementation of Value Creation Playbook

On May 15, 2026, Tiger Infrastructure Partners announced the sale of its Fund III investment in International Aerospace Coatings (IAC), a prominent player in the aviation services sector. The deal, which involves an undisclosed amount, marks a significant milestone for IAC, which operates a global network of 25 on-airport hangars dedicated to aircraft painting services for a diverse clientele, including airlines, governments, and aircraft manufacturers.

IAC has demonstrated robust growth under Tiger Infrastructure's stewardship, expanding its hangar portfolio from 17 to 25 locations since the initial investment in 2022. This expansion included strategic developments in key aviation hubs across North America and Europe, such as Portland, Oregon; Amarillo, Texas; and Teruel, Spain. The company's focus on enhancing its service capabilities has allowed it to secure long-term contracts with major global aircraft manufacturers and airlines, thereby establishing a strong cash flow profile and an investment-grade rating for its debt financing in 2025.

The strategic rationale behind this transaction is rooted in the increasing demand for specialized aviation services, particularly aircraft painting, which is critical for maintaining the aesthetics and compliance of aircraft. IAC's ability to deliver best-in-class service has positioned it favorably within the competitive landscape of aviation services, enabling it to deepen relationships with key customers and expand its market share. The investment from Tiger Infrastructure has not only facilitated growth but has also enhanced IAC's operational capabilities, making it a more attractive asset for potential acquirers.

This sale is emblematic of broader trends within the infrastructure investment landscape, where firms like Tiger Infrastructure are increasingly focusing on building scalable platforms in niche markets. The successful exit from IAC follows a period of heightened activity for Tiger Infrastructure, which has completed over 40 transactions in the past 18 months, despite challenging market conditions. This trend underscores the resilience and attractiveness of the aviation services sector, particularly for investors seeking stable returns through long-term contracts and specialized service offerings.

Looking ahead, the sale of IAC is expected to generate significant interest from other infrastructure investors, reflecting a growing appetite for high-quality assets in the aviation services space. As the sector continues to evolve, driven by increasing air travel demand and the need for enhanced service offerings, companies like IAC are well-positioned to capitalize on these trends. The successful execution of Tiger Infrastructure's growth strategy with IAC serves as a model for future investments in the aviation services sector, highlighting the potential for value creation through strategic partnerships and operational excellence.