US Private Equity Eyes Up MRO Sector

Ranger Aerospace and Azalea Capital, two private equity firms based in South Carolina, have joined forces to pursue investment opportunities offered by consolidation in the MRO sector. The firms have created a new company, Ranger AeroSystems, that is to focus on investment in and acquisition of firms offering component overhaul and speciality MRO services, and those offering precision manufacturing services to the aerospace sector. The company is looking to invest in US-based firms with at least $10m in revenues, although it confirmed that other aerospace segments will be considered “if there is a sound consolidation strategy”.

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