Argosy Private Equity has completed its exit from InTech Aerospace, marking a realisation of its investment in the US-based aircraft maintenance, repair and overhaul (MRO) specialist focused on interior refurbishment services.
Headquartered in Houston, Texas, InTech Aerospace is an FAA Part 145 certified repair station providing maintenance and refurbishment solutions for commercial and military aircraft. The company specialises in aircraft interiors, including upholstery, soft goods, composites, plastics, seating, and custom-engineered components used across aviation cabin systems.
Founded more than 35 years ago, InTech has built a recurring-services business model serving airlines and defence customers, supported by long-term relationships and a reputation for quality and operational reliability in the aviation interiors segment.
During its ownership period, Argosy Private Equity worked alongside co-investor Azalea Capital and InTech’s management team to strengthen operational capabilities and expand customer engagement. The firm said the company is now well positioned for continued growth following the transition.
“InTech’s experienced team and their commitment to quality provided a strong platform from which to grow,” said Kirk Griswold, Founding Partner at Argosy Private Equity. “Partnering alongside Azalea Capital and InTech’s leadership, we worked to strengthen operations and expand customer relationships, and we are pleased to see InTech well-positioned for continued success.”
Argosy Private Equity, based in Wayne, Pennsylvania, focuses on lower middle market investments across US manufacturing and business services companies, with particular emphasis on founder- and family-owned businesses. The firm typically invests in companies with EBITDA of $3m to $10m and operates across sectors including specialised manufacturing, industrial services, aviation products and services, and transportation and logistics.
InTech’s exit adds to Argosy’s long track record of portfolio realisations across the industrial and aerospace services landscape, as investor interest in aviation aftermarket and MRO businesses remains supported by steady demand fundamentals in global air travel and defence-related maintenance activity.
Alderman & Co acted as transaction advisor to InTech Aerospace on the deal.
