AAR acquisition history

AAR acquired substantially all of the assets of Reebaire Aircraft, Inc., a regional airframe maintenance, repair and overhaul facility in Hot Springs, Arkansas. The purchase added regional airframe MRO capacity to AAR's North American maintenance network. Approximately $11.8 million (cash).

On January 12, 2007, we acquired substantially all of the assets of Reebaire Aircraft, Inc. ('Reebaire'), a regional airframe maintenance, repair and overhaul facility located in Hot Springs, Arkansas. This acquisition increases our regional maintenance, repair and overhaul capacity in North America. The purchase price was $11,800 and was paid in cash.AAR CORP. FY2008 Form 10-K — Note 7 Acquisitions

AAR acquired Brown International Corporation, a privately held defense contractor providing engineering, design, manufacturing and systems integration services. Brown was folded into AAR's Structures and Systems segment and, together with Summa, contributed roughly $88.8 million of revenue in fiscal 2008. Approximately $26.7 million (cash).

On April 2, 2007, we acquired Brown International Corporation ('Brown'), a privately held defense contractor that provides engineering, design, manufacturing and systems integration services. Brown operates as part of our Structures and Systems segment. The purchase price was approximately $26,700 and was paid in cash.AAR CORP. FY2008 Form 10-K — Note 7 Acquisitions

AAR acquired Summa Technology, Inc., a leading provider of high-end sub-systems and precision machining, fabrication, welding, engineering and test services to commercial and government customers. Founded in 1987 and headquartered in Huntsville, Alabama with additional facilities in Cullman, Alabama and Lebanon, Kentucky (over 420,000 square feet of manufacturing space), Summa became part of AAR's Structures and Systems segment. Approximately $71.0 million (cash).

AAR CORP. (NYSE: AIR) announced today that it has signed a definitive merger agreement to acquire Summa Technology, Inc., a leading provider of high-end sub-systems and precision machining, fabrication, welding, engineering and test services to both commercial and government customers. Summa will operate as part of AAR's Structures and Systems segment.AAR CORP. press release — November 9, 2007

AAR acquired Avborne Heavy Maintenance, Inc. and a related entity from AHM Holding, Corp. Founded in 1985, Avborne is an independent provider of aircraft heavy maintenance checks, modifications, installations and painting services to commercial airlines, international cargo carriers and major aircraft leasing companies, operating from a 226,000-square-foot hangar at Miami International Airport capable of accommodating up to three wide-body or nine narrow-body aircraft simultaneously. Approximately $40 million ($15 million cash plus assumption of a $25 million industrial revenue bond).

AAR (NYSE: AIR) today announced that it has signed an agreement to acquire Avborne Heavy Maintenance, Inc. (Avborne) and a related entity from AHM Holding, Corp. Avborne is an independent provider of aircraft heavy maintenance checks, modifications, installations and painting services to commercial airlines, international cargo carriers and major aircraft leasing companies.AAR CORP. press release — February 26, 2008

AAR acquired Aviation Worldwide Services, a leading provider of expeditionary airlift services and aircraft modifications to the U.S. and other government customers, from Xe Services LLC. AWS operates through subsidiaries Presidential Airways and STI Aviation, providing fixed- and rotary-wing flight operations transporting personnel and cargo for U.S. Department of Defense and Department of State deployments, plus engineering and design modifications on rotary-wing aircraft. AWS operated a fleet of 58 customized aircraft at the time of the deal. Approximately $200 million.

This acquisition represents a significant milestone in the expansion of AAR's value-added capabilities for government customers. We have a longstanding track record as a trusted provider of mission-critical products and services and are confident that the successful integration of AWS will strengthen AAR's ability to support national defense priorities.David P. Storch — Chairman and CEO, AAR CORP.

AAR acquired Telair International GmbH and Nordisk Aviation Products AS from Teleflex Incorporated. Telair is a leader in the design, manufacture and support of cargo loading systems for wide- and narrow-body aircraft, with positions on Airbus A330/A340 (and the future A350) and Boeing 747-8; roughly 40% of its revenue came from aftermarket spares and support, operating from facilities in Germany, Sweden and Singapore. Nordisk designs and manufactures heavy-duty pallets and lightweight cargo containers from facilities in Norway and China. The combination with AAR's existing Cargo Systems business created a leading commercial and military cargo-systems provider. (Note: AAR later divested the combined Telair Cargo Group to TransDigm in 2015.). Approximately $280 million.

The acquisition strengthens AAR's standing as a leading provider of Cargo Loading Systems to the global aerospace market. Telair's position as a leading provider to the commercial market is an excellent complement to AAR's leadership position serving the military market.David P. Storch — Chairman and CEO, AAR CORP.

This acquisition significantly adds to AAR's commercial manufacturing business and elevates our position as a tier-1 provider to the global aerospace market.David P. Storch — Chairman and CEO, AAR CORP. (on completion, December 2, 2011)

AAR acquired Trax USA Corp., a leading independent provider of aircraft MRO and fleet-management software. Founded in 1999 and headquartered in Miami with about 110 employees, Trax serves airlines, MROs and government aircraft operators supporting roughly 5,000 aircraft. Its eMRO product is a web-based enterprise MRO software solution and its eMobility suite provides mobile applications including electronic task cards, digital manuals and log books. $120 million cash plus contingent consideration of up to $20 million (earn-out).

By combining two leading independent aftermarket services providers, we create a compelling and unique offering to support the global aviation industry. Trax is the materials management system used by thousands of buyers and planners at airlines around the world.John M. Holmes — Chairman, President and CEO, AAR CORP.

Trax has led the industry in developing next generation maintenance ERP systems for over 20 years. We are excited to partner with AAR to further accelerate Trax's growth and development.Jose Almeida — CEO, Trax

AAR acquired Triumph Group's (NYSE: TGI) Product Support business, a leading global provider of specialized maintenance, repair and overhaul capabilities for critical aircraft components in the commercial and defense markets — covering structural components, engine and airframe accessories, interior refurbishment and wheels and brakes, plus proprietary DER repairs and PMA parts. The business operated across five primary locations with over 700 employees and was projected to generate about $280 million of revenue and $55 million of EBITDA (20% margin) in its fiscal year ending March 31, 2024. $725 million in cash.

The completion of this acquisition scales AAR's repair capabilities, expands our footprint in the APAC region, and enhances our ability to serve our global customers. We're excited to welcome more than 700 team members from the Product Support business who bring expertise in key areas to the AAR team.John M. Holmes — Chairman, President and CEO, AAR CORP.

This highly strategic acquisition will deepen and broaden our customer relationships globally and expand our footprint.John M. Holmes — Chairman, President and CEO, AAR CORP. (on announcement, December 21, 2023)