With 75 transactions being announced or completed year-to-date (YTD) in 2017, the Maintenance, Repair & Operations (MRO) industry continues to experience strong M&A activity.  Over the past two years private equity buyers have maintained a strong interest in the MRO industry, accounting for 42.0% of volume in 2016 and 41.6% in YTD 2017.  With over $555.6 billion in US dry powder waiting to be deployed, private equity groups represent a significant force in the MRO M&A market, often competing with strategic buyers on valuation.