MRO Holdings (MROH) has agreed to a strategic minority investment from Bain Capital to support its ongoing development. Financial terms of the private investment were not disclosed.
MROH is based in Panama, with MRO facilities in El Salvador, Mexico, and the US.
""This investment represents a major milestone in the company's development and recognition of MROH's Americas strategy for aircraft maintenance,"" said Roberto Kriete, chairman of MROH. ""Bain Capital’s aerospace and operational expertise will help further scale our platform.""
""We believe [MROH] is well-positioned to continue its upward trajectory and capitalise on attractive market opportunities and look forward to partnering with MROH and leveraging our global aviation industry experience to support the next phase of its growth strategy,"" said Bain Capital partner Matt Evans.
Solomon Partners and Greenberg Traurig, LLP served as MROH's financial and legal advisors, respectively. A&O Shearman served as legal advisor, and Griffin Global Asset Management served as an advisor to Bain Capital on the transaction.
MRO Holdings secured strategic growth investment from Bain Capital
