AAR acquires ADI American Distributors for $146M

* AAR (NYSE:AIR [https://seekingalpha.com/symbol/AIR]) on Thursday said it has acquired American Distributors Holding Co., a distributor of components and assemblies, for $146 million in an all-cash transaction.
* The transaction was funded using the company's existing revolving credit facility. The business will become part of AAR's Parts Supply segment.
* Source: Press Release [https://seekingalpha.com/pr/20245306-aar-acquires-leading-parts-distributor-adi-american-distributors]

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