ITP Aero has completed its acquisition of BP Aero, becoming the majority shareholder of the Texas-based aircraft engine aftermarket services provider. This marks the Spanish firm’s first Maintenance, Repair and Overhaul (MRO) facility in the United States, located in Irving, Texas.
The deal, announced in October 2023, received final regulatory approvals recently, integrating BP Aero fully into the ITP Aero Group. BP Aero specializes in aftermarket services for aviation engines, including repair and disassembly of components, and employs around 200 workers.
ITP Aero, headquartered in Zamudio, Spain, and owned by Bain Capital with minority stakes from Indra, positions this as a key step in its global growth strategy. The acquisition bolsters ITP Aero’s MRO capabilities, critical for expanding in the high-demand engine services market where it already leads in low-pressure turbine technology.
BP Aero’s founders remain involved, supporting operational continuity. This US foothold enhances ITP Aero’s reach amid rising global demand for aviation maintenance, strengthening its competitive edge in North America.