AIM MRO Holdings has acquired Tribologix. Terms of the transaction were not disclosed.
AIM MRO is a manufacturer and supply chain manager of highly engineered consumable repair products and materials used primarily in the aerospace aftermarket.
Colorado-headquartered Tribologix is a provider of engineered surface coatings solutions which reduce friction and wear in extreme environments where conventional lubricants do not work.
Ben Ehrens, CEO and president of Tribologix, will be staying on with the company as a consultant.
It is AIM MRO’s first acquisition since becoming a portfolio company of AE Industrial Partners, a private equity firm specialising in aerospace, defence & government services, space, power & utility services, and speciality industrial markets.
“Tribologix’s high-tech, cutting-edge coatings and extensive testing have made it a trusted name in surface engineering for extreme environment applications, where the elimination of friction and wear is a mission-critical factor for non-serviceable mechanical components,” said AIM MRO’s CEO Scott Wandtke.
“We’re excited to add these products to our suite of state-of-the-art offerings. We look forward to working with Ben and his dedicated team to better serve our new and existing customers.”
Ehrens commented: “Since inception, Tribologix has made significant investments in new technology to further improve the performance of our coatings. We take exceptional pride in our work and are committed to pushing the limits of materials science. We are confident that AIM MRO is the right partner to help us grow our business to reach our full potential and keep innovating to meet our customers’ evolving needs.”
Akerman served as legal advisor to AIM MRO. Linden Law Partners served as legal advisor to Tribologix.