M/26/013 – H.I.G. Capital/International Aerospace Coatings and Eirtech Aviation Services
Transaction details
The proposed acquisition by H.I.G. Capital, LLC, through PJ Eagle Group Buyer, L.P. and PJ Eagle Group Buyer Cayman, L.P., of sole control of Basel U.S. Acquisition Co., Inc., Picasso Holdings U.S. LP, and IAC U.S. Holdings GP, LLC, together with their subsidiaries, has been notified to the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Thursday March 5, 2026 | |
| Parties Involved | Business activities |
|---|---|
| H.I.G. Capital, LLC | H.I.G. Capital, LLC is a global private equity and alternative assets investment firm based in Miami, USA, with offices in the USA, Europe, Asia and South America. H.I.G. Capital, LLC, through its portfolio companies, is active in the State across several sectors including healthcare, industrial and manufacturing activities, technology and IT services, logistics, consumer products, professional services, and aviation‑related services |
| Basel U.S. Acquisition Co., Inc., Picasso Holdings U.S. LP, and IAC U.S. Holdings GP, LLC | Basel U.S. Acquisition Co., Inc., Picasso Holdings U.S. LP, and IAC U.S. Holdings GP, LLC form part of the U.S.‑based corporate ownership structure through which the aviation services businesses International Aerospace Coatings and Eirtech Aviation Services are held. |
| International Aerospace Coatings | International Aerospace Coatings provides aircraft painting services to commercial airlines and aviation leasing companies. In Ireland, International Aerospace Coatings' services are supplied from aircraft hangars leased at Dublin Airport and Shannon Airport. |
| Eirtech Aviation Services | Eirtech Aviation Services provides engineering and asset management services to airlines, aviation leasing companies and private operators. Eirtech Aviation Services is headquartered in Shannon, Co. Clare and also has operations in Dublin, the UK, Singapore and the U.S. |
| Economic sector | Media merger |
|---|---|
| Other Services | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Thursday, March 19, 2026 | |
| Current status: Active |
|---|
| Simplified Merger Notification |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Jack Kelly | jackkelly@ccpc.ie |
Media enquiries: communications@ccpc.ie
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