CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, and industrial services-focused private equity firm, announced today the acquisition of Airway Aerospace LLC (“Airway” or the “Company”), a Florida-based FAA, EASA, and CAA UK-certified repair station, by CORE portfolio company AxioAero Group (“AxioAero”), a recently formed aerospace and aviation-focused holding company. Airway represents AxioAero’s second acquisition, joining Aviation Concepts, LLC acquired in January 2024.

Airway, founded in 2013, provides maintenance, repair and overhaul (MRO) services focused on accessories, airframe, and powerplant repairs across commercial, cargo, and defense aviation markets. With FAA, EASA, and CAA UK repair station certifications, RS-DER repair authority, and Owner-Produced Parts capabilities, the Company offers in-demand component repairs specializing in hydraulics, pneumatics, fuel systems, flight controls, thrust reversers, nacelles, and fixed-wing structures. The Company serves a diverse range of aircraft platforms including narrow-body (Boeing 737, Airbus A320 family), wide-body (Boeing 747/767, Airbus A300/A330), and Boeing 707 military variants. Operating from its two facilities in Doral, Florida, Airway has built long-standing customer relationships by offering fast, adaptable solutions and technical experience.

Airway will continue to operate under its own name and current leadership. The acquisition by AxioAero supports Airway’s ongoing growth while ensuring the Company retains its core identity, culture, and small-business agility.

Joe Ferrer, owner of Airway, said, “For more than a decade, we’ve taken pride in building Airway into a trusted repair partner known for reliability, responsiveness, and a commitment to quality. Our success is driven by the dedication of our team and the strong relationships we’ve built with customers over the years. We view AxioAero Group as the ideal partner to support our continued growth while maintaining the standards and values that define Airway.”

Matt Haugk, CEO of AxioAero Group, said, “The acquisition of Airway Aerospace marks an important step in AxioAero’s strategy to build a differentiated platform in the aerospace aftermarket. Airway’s strong technical expertise, reputation for quality, and customer-focused approach align perfectly with our vision of building a differentiated aerospace platform. Together, we will continue to expand capabilities and deliver value to customers worldwide.”

Jason Fulton, Partner at CORE, said, "We believe Airway is an especially strong strategic fit within the platform. The Company's specialized repair capabilities and certifications broaden AxioAero's reach across both commercial and defense aviation markets and enhance its position within the global aerospace aftermarket. Combining ACI's parts distribution network with Airway's repair offerings improves turnaround times and delivers greater value to customers. We are excited to welcome Airway to the platform and look forward to supporting its continued growth."

Winston & Strawn LLP provided legal representation to CORE in the transaction.

ABOUT CORE INDUSTRIAL PARTNERS:

CORE is an industrials-focused private equity firm with more than $1.58 billion in total limited partner capital commitments across four funds investing in North American manufacturing, industrial technology, and industrial service businesses. With offices located in Chicago, Austin, and Cleveland, CORE’s team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a demonstrated track record of building market-leading businesses. Through our capital, insight, and operational expertise, CORE partners with families, entrepreneurs and management teams and strives to build best-in-class companies. For more information, visit www.coreipfund.com.

ABOUT AXIOAERO GROUP:

AxioAero Group is a newly formed holding company focused on acquiring and supporting high-performing businesses across the aerospace and aviation services sector. With a long-term investment philosophy and operational support model, AxioAero Group partners with companies that deliver mission-critical products and services across the aviation supply chain. For more information, visit www.axioaero-group.com.

ABOUT AIRWAY AEROSPACE LLC:

Airway Aerospace LLC is an FAA, EASA, and CAA UK-certified repair station based in Doral, Florida. Since 2013, the family-owned company has specialized in accessory, airframe, and powerplant repairs, serving commercial and defense aviation customers with flexible, customer-focused solutions.

ABOUT AVIATION CONCEPTS, LLC:

Aviation Concepts, LLC is an aftermarket aviation parts supplier and repair management company headquartered in Sunrise, Florida. Serving commercial, regional, and corporate aviation sectors, the company delivers high-quality components, surplus solutions, and responsive customer service to support a wide range of aircraft platforms.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260107034523/en/