AAR Corp Acquires Triumph Product Support Business 2023

AAR Corp announced the acquisition of Triumph Group's Product Support business on December 21, 2023, strategically expanding its proprietary repair capabilities and APAC operations. The transaction is expected to be significantly accretive to margins with $10 million in anticipated run-rate cost synergies. The acquisition complements AAR's Connected Business Model and enhances integrated solutions across parts, trading, and product support services.