Bain Capital to Take Majority Stake in FDH Aero

Aerospace and defense supply chain provider FDH Aero announced on June 8, 2026, a definitive agreement to receive a majority investment from Bain Capital Private Equity. The transaction, expected to close in the second half of 2026, will see current majority shareholder Audax Private Equity retain a significant stake in the Commerce, California-based distributor.

In a press release detailing the agreement, FDH Aero confirmed that Chief Executive Officer Ian Walsh and the existing management team will continue to lead the company. The partnership is designed to fund continued investment in the distributor’s global reach and service model through both organic growth initiatives and strategic acquisitions. Financial terms of the transaction were not disclosed.

Growth and acquisition strategy

Audax Private Equity made its initial investment in FDH Aero in 2017. Over the subsequent nine years, the distributor completed 12 acquisitions to expand its footprint and capabilities across the aerospace sector.

FDH Aero currently employs 1,500 people worldwide and operates in 15 countries, building on 60 years of experience in aerospace and defense logistics. David Wong, Partner at Audax Private Equity, stated that the company has established itself as an integral supply chain partner since their initial investment.

“We are proud of FDH’s leadership team and 1,500 employees worldwide for their stewardship and look forward to working with Bain Capital through this next chapter of FDH’s growth,” Wong said.

Leadership continuity and future operations

The retention of the current executive team signals a strategy of continuity for FDH Aero as it integrates Bain Capital Private Equity’s resources. Walsh noted that the partnership marks a planned milestone in the company’s growth plans and reflects the strength of its personnel and business model.

“With Bain Capital’s deep operational and strategic experience, together with the continued support of Audax, we are well-positioned to continue investing for future growth. Together, we remain focused on putting customers first and strengthening our position as a trusted global supply-chain solutions partner,” Walsh said.

The press release noted that Jefferies, RBC Capital Markets, BMO Capital Markets, and William Blair & Company, LLC are involved in the transaction. The deal remains subject to customary regulatory approvals.

AirPro News analysis

We view the Bain Capital Private Equity investment in FDH Aero as part of a broader, multi-year structural wave of private equity capital entering the aerospace supply chain. Investment firms are increasingly treating tier-2 and tier-3 component manufacturers, parts distributors, and MRO providers as highly resilient, cash-generative infrastructure assets. By retaining Audax Private Equity as a significant investor while bringing in Bain Capital Private Equity, FDH Aero secures the capital necessary to continue its aggressive acquisition strategy in a highly fragmented distribution market.

Sources: FDH Aero