Kirkland Represents AAR CORP. on Acquisition of a Controlling Interest in MRO Holdings
Kirkland & Ellis advised AAR CORP., a leading parts, repair and software platform in the aviation aftermarket, on its definitive agreement to acquire a 65% controlling interest in MRO Holdings, a leading global provider of aircraft maintenance, repair and overhaul, at an implied enterprise value of $4.0 billion. The transaction is expected to close in AAR’s fiscal third quarter ending February 2027, subject to receipt of regulatory approvals and satisfaction of other customary closing conditions. The Board of Directors of AAR has unanimously approved the transaction. The transaction will expand and strengthen AAR’s leading aviation aftermarket platform and create significant additional growth opportunities across the company’s core parts, repair and software activities.
The Kirkland team included corporate lawyers Maggie Flores, Sarkis Jebejian, Aseda Ghartey-Tagoe, Ned Schultheis, Alex Adamis, Jess Lepper, Hunter Johnson, Amir Farahani, Adam Sharf and Cem Albayrak; tax lawyers Sara Zablotney, Christine Lehman, Taddie Larson and Britany Nguyen; debt finance lawyers Rachael Lichman, Steven Keithley, Tyler Wills, Jacob Sims and Amber Yokubaitis; capital markets lawyers Bob Hayward, Bob Goedert and Aaron Simons; technology & IP transaction lawyers Daisy Darvall and Martin Schwertmann; and antitrust & competition lawyers Ian John and Chuck Boyars.
