GenNx360 Capital Partners has acquired a majority interest in AeroRepair Corp. Headquartered in Manchester, New Hampshire, AeroRepair is a leading provider of wheel and brake maintenance, repair and overhaul services to the commercial, corporate and general aviation industry.
The Company also provides landing gear, battery and miscellaneous component maintenance and repair services and through its sister company, Hemico, provides Parts Manufacturer Approval (PMA) engineering services and Designated Engineering Representative (DER) approved repairs. The Company benefits from a broad North American footprint of six locations in Manchester, New Hampshire, Atlanta, Georgia, Indianapolis, Indiana, Phoenix, Arizona, Montreal, Quebec and Calgary, Alberta.
The current management team will continue to operate the business going forward.
“We are excited about our partnership with GenNx360. Its expertise in business services and deep industry knowledge in this space will be a great asset as we continue to build our portfolio and expand into new markets,” said Daniel Bell, AeroRepair’s Chief Executive Officer.
“With extensive experience in airline MRO, GenNx360 has a team of talented professionals with strong technical and operational backgrounds. Together, we will drive the growth of the Company,” he added.
“We are excited to make this investment in AeroRepair. There is immense growth potential in the airline MRO sector and we have already identified several organic and inorganic growth initiatives along with AeroRepair’s management,” said Daphne Dufresne, the GenNx360 Managing Partner who led the transaction.