H.I.G. Capital Acquires Aircraft Painting Specialist IAC for Expansion — H.I.G. Capital, LLC

Event summary

H.I.G. Capital completed the acquisition of International Aerospace Coatings (IAC) on May 15, 2026.
IAC operates 25 hangars across 11 sites in the U.S. and Europe, providing aircraft painting solutions to OEMs, airlines, and maintenance providers.
H.I.G. plans to expand IAC’s geographic footprint, invest in additional hangar capacity, and pursue add-on acquisitions.
IAC’s multi-year contractual agreements provide significant revenue visibility.

The big picture

H.I.G. Capital’s acquisition of IAC aligns with its strategy of investing in middle-market companies with strong revenue visibility and growth potential. The deal underscores the increasing focus on specialized aviation services as airlines and OEMs prioritize quality, turnaround time, and consistency in aircraft maintenance. With $75 billion in assets under management, H.I.G. is well-positioned to support IAC’s expansion plans.

What we're watching

Geographic Expansion: How H.I.G. will execute on IAC’s plans to expand its global footprint and invest in additional hangar capacity.
Add-On Acquisitions: Whether H.I.G. can successfully identify and integrate strategic add-on acquisitions for IAC.
Market Demand: The pace at which demand for high-quality aircraft painting services grows, given the predictable service cycles in the aviation industry.