IAC has a portfolio of 18 aircraft hangars located at seven airports and two customer sites in the U.S. and Europe, providing essential services to customers in the global aviation industry.
International Aerospace Coatings (IAC) Group, which includes Eirtech Aviation Services, has announced that the company has been acquired by Tiger Infrastructure Partners (Tiger), a private equity infrastructure investor. IAC Group is one of the global providers of aviation services headquartered in Shannon, Ireland and Irvine, California. International Aerospace Coatings (IAC) Group, a global provider of aircraft painting, interiors and graphics.
“As a growth-oriented infrastructure investor, we were attracted to IAC because of its compelling growth prospects, leading market position, substantial asset base and stakeholder relationships along with its strong balance sheet,” said Emil W. Henry, Jr., CEO, Tiger Infrastructure.
IAC has a portfolio of 18 aircraft hangars that are strategically located at seven airports and two customer sites in the United States and Europe, providing essential services to customers in the global aviation industry. The services offered also include aircraft manufacturers, commercial airlines, aircraft leasing companies, air cargo carriers and governments. IAC Group employs more than 1,000 people worldwide, including more than 250 in Shannon, Ireland.
“With operations in both the United States and Europe, IAC aligns well with Tiger’s trans-Atlantic footprint and capabilities, which are a source of competitive advantage for us in the markets in which we operate.” Tiger invests in sectors such as Digital Infrastructure, Energy Transition and Transportation in North America and Europe.
IAC’s core business involves aircraft painting, aviation technical services, aircraft interior refurbishment and aircraft graphic solutions. Aircraft are typically painted for corrosion protection and branding purposes every 5-7 years.
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The work frequently coincides with Federal Aviation Authority (FAA) and European Union Aviation Safety Agency (EASA) mandated maintenance events to reduce downtime and costs. IAC Group also provides engineering services and asset management solutions to help customers ensure regulatory compliance through its Eirtech Aviation Services (EAS) division.
