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Tiger Infrastructure Partners Fund III acquires IAC

Tiger Infrastructure Partners a private equity firm focused on middle market growth infrastructure investments, has acquired International Aerospace Coatings (IAC), an aviation services provider headquartered in Shannon, Ireland and Irvine, California.  

Tiger Infrastructure Partners (Tiger Infrastructure) a private equity firm focused on middle market growth infrastructure investments, has acquired International Aerospace Coatings (IAC), an aviation services provider headquartered in Shannon, Ireland and Irvine, California.  

IAC is the seventh platform investment for Tiger Infrastructure Partners Fund III (Fund III), which closed at its hard cap of $1.25 billion in early 2022.  

IAC utilises 18 hangars strategically located at seven airports and two customer sites in the United States and Europe to provide essential services to a diverse customer base in the global aviation industry, including aircraft manufacturers, commercial airlines, aircraft leasing companies, air cargo carriers and governments. 
  
IAC’s core business involves aircraft painting, aviation technical services, aircraft interior refurbishment and aircraft graphic solutions. Aircraft are typically painted for corrosion protection and branding purposes every five to seven years, frequently coinciding with Federal Aviation Authority (FAA) and European Union Aviation Safety Agency (EASA) mandated maintenance events to reduce downtime and costs. IAC also provides engineering services and asset management solutions to help customers ensure regulatory compliance through its Eirtech Aviation Services (EAS) division. 
  
Tiger was advised by Harris Williams (financial advisor), Winston & Strawn LLP (lead legal advisor), and Alton Aviation Consultancy (commercial advisor). Vance Street Capital was advised by Jefferies (financial advisor) and O’Melveny & Myers LLP (legal advisor).

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