Origination

MRO Holdings (MROH) is the largest independent aircraft maintenance, repair, and overhaul (MRO) servicer in the Americas. Bain Capital’s investment in MROH was sourced through proprietary channels, demonstrating our extensive experience across the aviation ecosystem and deep industry relationships. As a trusted partner to management teams and business owners, we structured a differentiated, highly attractive investment that positioned the firm as a strategic catalyst for the next stage of growth.

Opportunity and investment

Bain Capital Credit had previously been a lender to the company, enabling our team to leverage institutional knowledge, accelerate due diligence, and quickly build strong conviction in the opportunity.

MROH is a clear market leader with a proven operational track record, a strategic footprint across Latin America, and long-standing relationships with major US airlines. With secular tailwinds supporting the aerospace aftermarket—driven by rising air travel demand and the need for efficient maintenance capacity—we saw a compelling opportunity to partner with a platform well positioned to capture outsized growth. The company’s ability to deliver high-quality work at a lower cost, supported by access to a robust pipeline of skilled labor, underpins its distinctive value proposition in a capacity-constrained market.

Value creation

Since investing in MROH, we have partnered closely with the company to drive operational, organizational, and financial transformation. Leveraging our portfolio resources and sector expertise, the partnership has delivered early successes in improving labor productivity across multiple facilities while maintaining the highest quality standards—advancing profitability milestones ahead of plan.

Together, we have also supported governance and leadership enhancements, helping to strengthen the executive team and position the firm for continued expansion. Today, MROH is equipped to pursue strong organic growth, expand its footprint across the Americas, and reinforce its leadership in the region’s aircraft maintenance sector.

“This investment represents a major milestone in our company’s development and recognition of MROH’s Americas strategy for aircraft maintenance. Bain Capital’s aerospace and operational expertise will help further scale our platform, expand our capabilities, and continue MROH’s track record of delivering exceptional service for our customers.”¹These endorsements are provided by certain CEOs and or founders of investments held by certain investment vehicles advised by Bain Capital affiliate investment advisers. None of these CEOs and or founders were directly compensated for providing these endorsements, however, the funds have made investments into such CEOs and or founders’ companies. As a result of this investment, a conflict of interest exists because the CEOs and or founders have an incentive to make positive statements about Bain Capital and their experiences with Bain Capital to maintain the goodwill with Bain Capital.

Roberto Kriete / Chairman / MROH

“MROH has established itself as a world-class aircraft maintenance provider and is recognized across the industry for its dedicated partnership with customers and commitment to creating long-term value through its comprehensive services and solutions offering. We have been proud to support the company’s continued evolution by investing in its capabilities, expanding its service offering, and helping position the business for sustained, long-term growth.”

Matthew Evans / Partner / Bain Capital