MIAMI—The maintenance, repair and overhaul (MRO) sector is ripe for consolidation, and aerospace investors and larger companies looking for strategic acquisitions are in hot pursuit of companies in the field, insiders say. “I think you’re going to see a real uptick in interest in the aftermarket,” says Nick Fazioli, the senior vice president of investment banking in aerospace and defense at Jefferies LLC, which consults on mergers and acquisitions (M&A). ...

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