AAR, a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has entered into a definitive agreement with Triumph Group to purchase Triumph Product Support for $725 million.

Triumph Product Support is a leading global provider of specialised maintenance, repair, and overhaul capabilities for critical aircraft components in the commercial and defence markets.

The company provides MRO services for structural components, engine and airframe accessories, interior refurbishment, and wheels and brakes.

Additionally, Triumph Product Support designs proprietary designated engineering representative (DER) repairs and Parts Manufacturer Approval (PMA) parts.

Triumph Product Support services both the commercial and military aftermarkets across five primary locations with a highly skilled workforce of over 700 employees.

“Today we are very excited to announce the execution of an agreement with Triumph to acquire its Product Support business. Triumph Product Support has built an excellent reputation for high quality and differentiated repair offerings. This highly strategic acquisition will deepen and broaden our customer relationships globally and expand our footprint. Furthermore, the addition of this high-margin business is expected to further increase our operating margin and is expected to be accretive to our earnings. We look forward to welcoming Product Support’s talented team to AAR,” said John Holmes, chairman, president and CEO of AAR.
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