# Private equity firm Aurelius completes acquisition of C-130 maintenance specialist Marshall Aerospace The sale takes the British company out of the family-owned Marshall Group, which has sold Cambridge City Airport and leased it back until early 2029. Published 2026-10-10 by TGOs. Canonical: https://tgos.io/news/2026/10/10/private-equity-firm-aurelius-completes-acquisition-of-c-130/ Aurelius, a private equity investor, completed its acquisition of Marshall Aerospace from Marshall Group on Thursday, Oct. 8.[1] Marshall Aerospace has supported the C-130 Hercules since 1966, and its work spans military maintenance, repair and overhaul (MRO), applied aerospace engineering and multi-domain advanced manufacturing.[1][2] The seller has been breaking itself up.[3][5][6] Marshall Group sold Slingsby Advanced Composites to Swedish buyer Mangohojden and, in November 2025, Marshall Land Systems to Canadian investment firm Flowing River Capital.[5][6] The Hill Group and Homes England completed their purchase of about 700 acres from the group, including Cambridge City Airport.[4] With its engineering businesses and land holdings sold, Marshall Group says its focus is now an investment portfolio for its shareholders.[3] Aurelius gets a business that supports operators ranging from the Royal Norwegian Air Force to the U.S. Marine Corps, and works with manufacturers including Boeing, Lockheed Martin and Thales.[1] Its recent contracts include a multi-year entry-into-service and sustainment agreement for 12 C-130J aircraft acquired by the Turkish Ministry of National Defence.[1] Another is a 14-year Thales contract to produce sonar modules for the Royal Navy.[1] Marshall Aerospace Chief Executive Bob Baxter said Aurelius has "the expertise and resources to back our next phase of growth."[1] ## Why it matters Marshall Group says all operations will be relocated away from Cambridge when its airport lease-back ends in early 2029, and Marshall Aerospace has a paint facility in Cambridge.[2][3] Marshall Aerospace's release names no price, no government approvals and no new site, and it does not say whether the Cambridge move covers the business under Aurelius.[1] ## Sources 1. Marshall Aerospace: AURELIUS acquires Marshall Aerospace from Marshall Group (Oct. 9, 2026) 2. Marshall Aerospace: Our company 3. Marshall Group: Home 4. Marshall Group: Transformational Cambridge East land acquisition 5. Marshall Group: Acquisition of Slingsby Advanced Composites by Mangohojden AB 6. Marshall Group: Acquisition of Marshall Land Systems by Flowing River Capital (Nov. 24, 2025)