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Leading Aviation Maintenance Provider MRO Holdings Secures Strategic Growth Investment from Bain Capital

July 9, 2024

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Leading Aviation Maintenance Provider MRO Holdings Secures  Strategic Growth Investment from Bain Capital

Investment to support Company’s pursuit of customer-centric growth initiatives

Existing executive management team and investor group to continue leading the business

Panama City, Panama – July 9, 2024 – MRO Holdings Inc. (“MROH” or the “Company”), a leading provider of aircraft maintenance solutions for the global commercial airline industry, today announced that it has agreed to a strategic minority investment from Bain Capital to support the Company’s ongoing development and expansion of customer-centric initiatives. Financial terms of the private investment were not disclosed and the transaction is subject to customary closing conditions. 

Based in Panama with customer maintenance facilities in El Salvador, Mexico, and the United States, MROH is one of the leading MRO providers in the Americas, performing approximately 10 million hours of aircraft maintenance and modifications for commercial airline customers annually. The MROH Group of Companies’ existing management team, led by Greg Colgan, will continue to lead the business alongside its existing investment partners, the Kriete family and Caoba Capital.

“This investment represents a major milestone in the Company's development and recognition of MROH's Americas strategy for aircraft maintenance,” said Roberto Kriete, Chairman of MROH. “Bain Capital’s aerospace and operational expertise will help further scale our platform, expand our capabilities through a mix of organic and strategic growth initiatives and continue MROH’s track record of delivering exceptional service for our customers.”

“MROH has established itself as a world-class aircraft maintenance provider and is recognized across the industry for its dedicated partnership with customers and commitment to creating long-term value through its comprehensive services and solutions offering,” said Matt Evans, a Partner at Bain Capital. “We believe the Company is well-positioned to continue its upward trajectory and capitalize on attractive market opportunities and look forward to partnering with MROH and leveraging our global aviation industry experience to support the next phase of its growth strategy.”

Solomon Partners and Greenberg Traurig, LLP served as MROH's financial and legal advisors, respectively.  A&O Shearman served as legal advisor, and Griffin Global Asset Management served as an advisor to Bain Capital.

About MRO Holdings Inc.
MROH is a leading aircraft maintenance and modifications provider with a focus on long-term solutions for the aviation industry. The company operates four facilities across the Americas, providing approximately 10 million hours of aircraft maintenance and modifications for many of the largest and most respected commercial air carriers in the industry. For more information, visit
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