AAR Completes $78 Million Acquisition of HAECO Americas
Long-term customer agreements topping $850 million will keep the acquired sites running at full capacity.
Overview
- The purchase from HAECO Group adds major heavy-maintenance facilities in Greensboro, North Carolina, and Lake City, Florida.
- AAR says it will apply its training, lean processes, and proprietary technology to boost turnaround times, retention, and operating margins at the new sites.
- More than 1,600 employees join AAR from HAECO Americas, with roughly 30% identified as military veterans.
- HAECO Americas is reported as the second-largest heavy maintenance provider in North America, behind AAR.
- The expanded network is expected to enhance efficiency and profitability across AAR’s Repair & Engineering operations.