BAIN CAPITAL takes majority stake in FDH AERO

FDH Aero functions as a high-volume global distributor of aerospace hardware, electrical components, and consumables and expendables (C&E) servicing commercial and military original equipment manufacturers (OEMs) and aftermarket maintenance, repair, and overhaul (MRO) providers. The corporate revenue model is built on continuous inventory availability and fulfillment efficiency, monetizing an expansive physical footprint of over 650,000 square feet of dedicated storage capacity across 15 countries. Procurement teams and fleet operators contract with the business through long-term umbrella supply agreements and transactional spot purchases designed to mitigate supply chain bottlenecks and eliminate aircraft-on-ground (AOG) risks. The operational infrastructure demands rigorous adherence to international aerospace quality standards and strict military supply chain traceability regulations, creating high switching costs for its diversified customer base. Turnover is fundamentally tied to predictable components replacement cycles and fleet utilization rates rather than cyclical aircraft production volumes, insulation that supports stable working capital conversion.