StandardAero CEO Russell Ford.

StandardAero CEO Russell Ford.

April 15, 2019

Carlyle completes purchase of StandardAero
The value of assets held under management by The Carlyle Group is around $201bn. Its acquisition of StandardAero should ensure the MRO is well-positioned to continue its strong momentum.

The purchase of repair and maintenance services provider StandardAero from New York-based private equity firm Veritas Capital has been completed by US multinational investment company The Carlyle Group.

“StandardAero has established itself as one of the true leaders in the MRO industry,” says Adam J Palmer, managing director and global head of aerospace, defence and government services for The Carlyle Group. “We are excited to partner with the StandardAero team to continue supporting the company's growth and industry leadership.”

StandardAero CEO Russell Ford adds: “Joining The Carlyle Group is a great honour and we look forward to working with this distinguished and experienced ownership team.”

StandardAero has more than 6,000 employees at 38 primary locations and dozens of field services and sales offices across five continents.

Back to news homepage

 

See more information from the Business Air News Handbook

StandardAero
Component Repair, Auxiliary Power Units, Aircraft Painting, Avionics Services, Modifications, AOG Services

More news...

Alpine cargo freighters are backed by StandardAero
April 30, 2019

Capacity and capabilities are key to StandardAero expansion
May 21, 2019

Updated PT6A cell caps Summerside capabilities
May 30, 2019

 

© Copyright of Stansted News Limited 2019.     Terms & Conditions of reading.     Privacy & Cookies policy