H.I.G. Capital has completed its acquisition of International Aerospace Coatings (IAC), a major provider of aircraft painting and aviation services headquartered in Irvine, California, and Shannon, Ireland. The deal, announced on May 15, 2026, follows regulatory clearance from competition authorities, including Ireland’s Competition and Consumer Protection Commission, which approved the transaction in March.
According to H.I.G., the acquisition was executed through affiliated investment vehicles, including PJ Eagle Group Buyer entities, which are taking sole control of IAC and related holding companies. Financial terms of the transaction were not disclosed.
Founded in 1980, IAC specializes in aircraft painting solutions for original equipment manufacturers, airlines, leasing companies, and maintenance providers. The company operates a network of facilities serving commercial and other aviation customers globally. Legal advisory firm Ropes & Gray represented H.I.G. Capital in the transaction, according to a firm announcement.
The acquisition adds an established aviation services platform to H.I.G.’s portfolio, positioning the private equity firm in a specialized segment of the aftermarket aviation sector focused on exterior coatings and related services.