Skip to Content

H.I.G. Capital/International Aerospace Coatings and Eirtech Aviation Services

M/26/013

Completed

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 cleared by the Competition and Consumer Protection Commission.
Case details
  • Notification date:5 March 2026
  • Publication date:5 March 2026
  • Economic sector:Professional, scientific & technical activities - N
  • Economic sub-sector:Architecture & engineering - N.71
  • Simplified merger:Yes
  • Outcome:Cleared
Documents
Timetable

Phase One

  • Thursday, 5 March, 2026 Notification received
  • Thursday, 19 March, 2026 Third party submission deadline
  • Tuesday, 24 March, 2026 Determination issued
Parties Involved

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.

Contacts
View all mergers