Hello, Guest!
  • Thursday, November 21, 2024

Report: Carlyle Group Close to Sealing StandardAero Acquisition Deal


The Carlyle Group (Nasdaq: CG) is close to finalizing a deal worth more than $5B to buy StandardAero from Veritas Capital, Reuters reported Tuesday.

Scottsdale, Ariz.-based StandardAero offers aviation maintenance, repair and overhaul support services to clients in military, general aviation and commercial sectors.

Sources told Reuters the transaction could be disclosed as soon as this week.

Veritas Capital purchased StandardAero from Dubai Aerospace Enterprise in July 2015 for approximately $2.1B.

Video of the Day

Related Articles

Carlyle Group to Buy StandardAero From Veritas Capital; Ramzi Musallam Quoted M&A Activity

Carlyle Group to Buy StandardAero From Veritas Capital; Ramzi Musallam Quoted

The Carlyle Group (Nasdaq: CG) has agreed to purchase StandardAero from Veritas Capital for an undisclosed sum. The Washington, D.C.-based private equity firm said Tuesday it expects to close the deal by the end of the first quarter of calendar year 2019, pending regulatory approvals and other customary closing conditions. Scottsdale, Ariz.-based StandardAero was established