May 15th, 2026 – H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $75 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of International Aerospace Coatings (“IAC” or the “Company”).
Headquartered in Irvine, California, and Shannon, Ireland, IAC is a leading provider of aircraft painting solutions for original equipment manufacturers (“OEMs”), major airlines and operators, and maintenance, repair, and overhaul providers. IAC also provides engineering and advanced asset management solutions through its Eirtech Aviation Services (“EAS”) division. IAC’s reputation for consistent quality and on-time execution has firmly established the Company as a trusted partner to its customers.
Martin O’Connell, Chief Executive Officer of IAC, said, “We are thrilled to welcome H.I.G. as a partner, as we scale IAC to meet growing demand for high-quality aircraft painting services. With H.I.G.’s experience and resources, we plan to expand our geographic footprint, invest in additional hangar capacity, and selectively pursue add-on acquisitions.”
Doug Berman, Co-President at H.I.G., said, “IAC has built an outstanding reputation for quality, reliability, and customer service. We are pleased to partner with IAC and believe the Company is well positioned to continue gaining share as airlines, OEMs, lessors, and operators prioritize quality, turnaround time, and consistency.”
RBC Capital Markets, LLC acted as financial advisor, and Ropes & Gray LLP served as legal counsel to H.I.G. Jefferies, LLC acted as financial advisor, and Latham & Watkins LLP served as legal counsel to IAC.
About IAC
IAC is a market leading aviation services company headquartered in Shannon, Ireland and Irvine, California. IAC specializes in aircraft painting, aviation technical services, aircraft interior refurbishment and aircraft graphic solutions for aircraft manufacturers, commercial airlines, leasing companies, air cargo carriers, governments and other owners of wide- and narrow-body aircraft. IAC also provides engineering services and asset management solutions to help customers ensure regulatory compliance through its Eirtech Aviation Services (EAS) division. For more information, visit www.iac.aero.
About H.I.G. Capital
H.I.G. is a leading global alternative investment firm with $74 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Stamford in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach.
Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.