CORE Industrial Partners, a manufacturing, industrial technology, and industrial services-focused private equity firm, has announced the acquisition of Airway Aerospace LLC, a Florida-based repair station, by CORE portfolio company AxioAero Group, 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, FL, 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 have 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 have 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."
For more information contact:
AxioAero Group
979 Shotgun Road
Sunrise, FL 33326
www.axioaero-group.com
Airway Aerospace LLC
2150 Northwest 95 Ave.
Doral, FL 33172
305-591-2405
www.axioaero-group.com