AAR to acquire 65% of MRO Holdings for $3.0B; Q1 sales +24.1% to $918.0M, net income $40.1M

Filed September 29, 2026 · Period ending August 31, 2026 · Compared to 10-Q Sep 23, 2025 · ~1 min read

Key Changes

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  AAR agreed to acquire 65% of MRO Holdings for approximately $3.0 billion, including repayment of $1.3 billion of MRO Holdings' existing borrowings. Financing includes $2.1 billion of new debt, $780 million of equity issued to MRO Holdings shareholders, and a $230 million PIPE offering.

  MD&A: Pending acquisition of MRO Holdings verify on EDGAR →
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  AAR announced its intention to exit the Legacy Commercial Programs business, with a wind-down expected to take three to four years as contracts are terminated and rotable assets are sold.

  MD&A: Exit from Legacy Commercial Programs verify on EDGAR →
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  Consolidated sales for the first quarter of fiscal 2027 increased 24.1% to $918.0 million, driven by acquisitions and strong demand in Parts Supply.

  MD&A: Consolidated sales growth verify on EDGAR →