WAYNE, PA — Argosy Private Equity exited its investment in InTech Aerospace as demand for aircraft maintenance and cabin refurbishment services continues to climb alongside aging commercial fleets and sustained airline spending on aftermarket operations.
Financial terms of the transaction were not disclosed.
Houston-based InTech Aerospace operates as an FAA Part 145-certified repair station providing maintenance, repair, and overhaul services for commercial and military aircraft. The company specializes in recurring interior refurbishment work, including seating, upholstery, composites, plastics, and custom-engineered aircraft interior components.
Private equity firms have increasingly targeted aerospace aftermarket businesses in recent years as airlines extend aircraft service lives amid supply-chain disruptions, delayed aircraft deliveries, and elevated replacement costs. FAA-certified repair stations with established customer relationships and recurring maintenance revenue have become particularly attractive acquisition targets.
Argosy partnered with Azalea Capital and InTech management during the investment period to expand operations and customer relationships, according to Kirk Griswold, founding partner of Argosy Private Equity.
“InTech’s experienced team and their commitment to quality provided a strong platform from which to grow,” Griswold stated.
The company’s FAA certification and long operating history positioned it within a segment of the aerospace market benefiting from continued demand for aircraft interior upgrades and maintenance support across both commercial and defense aviation.
In addition to refurbishment services, InTech provides engineering and manufacturing support for aircraft interior components.
Alderman & Co. served as transaction advisor to InTech.
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