Story ID: 
Private Equity Firm Acquires AeroRepair
By: Jerry Siebenmark
Caption: AeroRepair operates six North American locations specializing in wheel and brake MRO services.
Word Count: 187
Private equity firm GenNx360 has acquired a controlling ownership stake in Manchester, New Hampshire-based AeroRepair Corp., a specialist in wheel and brake MRO services to business, commercial, and general aviation. “There is immense growth potential in the airline MRO sector and we have already identified several organic and inorganic growth initiatives along with AeroRepair's management,” said GenNx360 managing partner Daphne Dufresne.

AeroRepair also offers landing gear, battery, and other component MRO services through sister company Hemico, which also provides parts manufacturer approval (PMA) engineering services and designated engineering representative (DER)-approved repairs. Besides Manchester, AeroRepair operates five other locations—Atlanta, Indianapolis, Phoenix, Montreal, and Calgary—and employs nearly 200 workers.

“[GenNx360’s] expertise in business services and deep industry knowledge in this space will be a great asset as we continue to build our portfolio and expand into new markets,” AeroRepair CEO Daniel Bell said. “With extensive experience in airline MRO, GenNx360 has a team of talented professionals with strong technical and operational backgrounds.” Bell is among the current management team that will continue to operate AeroRepair going forward, according to GenNx360.