Tiger Infrastructure Partners acquires International Aerospace Coatings
Tiger Infrastructure Partners, a middle market growth infrastructure investor, has announced the acquisition of International Aerospace Coatings (“IAC”), a market-leading aviation services provider headquartered in Shannon, Ireland and Irvine, California.
IAC utilises 18 hangars strategically located at seven airports and two customer sites in the United States and Europe to provide essential services to a diverse and durable customer base in the global aviation industry, including aircraft manufacturers, commercial airlines, aircraft leasing companies, air cargo carriers and governments. IAC’s core business involves aircraft painting, aviation technical services, aircraft interior refurbishment and aircraft graphic solutions.
“Aim to open new facilities”
“We are excited to partner with Tiger for IAC’s next chapter of growth,” said Martin O’Connell, CEO of IAC. “We expect a combination of aviation industry tailwinds to drive demand growth for aircraft painting, and in partnership with Tiger, we aim to open new facilities and expand our capacity substantially in the years to come. By 2027, we anticipate the industry will have a significant shortfall in serving capacity versus annual demand.”
