- Founded in 1983, MAAS is a leading specialist aircraft painting company with operations in the Netherlands, Germany and the USA. Having originally operated in Ireland at both Shannon and Dublin airports, the Company relocated to a new continental Europe base at Maastricht Airport in the Netherlands in 1988. The Company forged a very successful partnership with Airbus Group and currently operates four dedicated OEM paint shops at Airbus manufacturing facilities in Hamburg, Germany and in Mobile, Alabama. The Company also operates five additional MRO aircraft paint shops in the Netherlands and Alabama. MAAS employs 300 employees and is currently painting approximately 400 aircraft a year with plans to grow both employment and capacity over the next five years. As well as painting commercial aircraft, MAAS has also developed expertise in the design and procurement of state-of-the-art paint shops. This capability, combined with its aircraft painting expertise, has contributed to the Company's growth in recent years. "The investment by Egeria is a very positive step for the Company and provides the backing to invest in the personnel and infrastructure to support its existing operations and more importantly to deliver the Company's future growth plans," stated Tim Macdougald, CEO of MAAS. Amsterdam based Egeria is an independent Dutch investment company founded in 1997, which invests in healthy companies with an enterprise value between EUR 50 million and EUR 350 million. Egeria's portfolio companies have a combined turnover of over EUR 2.3 billion and employ close to 10,000 people. "Egeria's excitement for growth and professionalism made them the right partner for our client," stated Joe Contaldo, Partner and Co-Founder of XLCS. "With operations spread across four countries, this transaction further illustrates just how global the aviation sector is and how multi-national companies benefit from seeking out XLCS Partners' international aviation and aerospace M&A expertise." XLCS acted as the exclusive M&A advisor to MAAS, and the transaction was led by Joe Contaldo, Partner. The transaction was announced on May 23, 2019. About XLCS Partners, Inc.XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally. CONTACT: Kendra Span, kspan@xlcspartners.com Photo - https://mma.prnewswire.com/media/900230/XLCS_Partners_MAAS_Aviation_Egeria_Sale.jpg