in Aerospace

Carlyle completes StandardAero acquisition

Posted 5 April 2019 · Add Comment

Global investment firm The Carlyle Group announced today that it has closed its purchase of StandardAero from Veritas Capital.

StandardAero is a global provider of repair and maintenance services to the aviation industry.
 
“StandardAero has established itself as one of the true leaders in the MRO industry,” said 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.”
 

Russell Ford (above), CEO of StandardAero said: “Joining The Carlyle Group is a great honour and we look forward to working with this distinguished and experienced ownership team.”
 
Ramzi Musallam, CEO and Managing Partner of Veritas Capital said: “Veritas is pleased to have played an important role in StandardAero’s growth and success, and we believe the Company is well-positioned to continue its strong momentum. We thank Russ and the team for their successful partnership.”
 
StandardAero has more than 6,000 employees at 38 primary locations and dozens of field services and sales offices across five continents.


 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Royal Navy test fires new anti-ship missile

A target boat took a direct hit in the Irish Sea as the Royal Navy successfully tested its new missile to defeat terrorists and suicide bombers.

Construction begins on F-35 infrastructure at RAF Lakenheath

Work has started on buildings that will be home to two US Air Force F-35 squadrons at RAF Lakenheath.

US Ambassador highlights special security relationship at Heathrow

Heathrow hosted US Ambassador to the UK yesterday, who heralded Heathrow’s strong security partnership with US authorities, thanking the airport for its efforts to keep the skies safe for transatlantic passengers and make travel

TT Electronics unveils new modular current sensor approach for aircraft electrical systems

Provider of engineered electronics for performance critical applications, TT Electronics, today unveiled an innovative approach to developing customised solutions for the harsh environment requirements of the aerospace and

NCSC releases 2019 Active Cyber Defence report

The National Cyber Security Centre (NCSC) released its Active Cyber Defence (ACD) report yesterday, revealing that a scam to defraud thousands of UK citizens using a fake email address spoofing a UK airport, was one of a wide range of

Baines Simmons appoints Mike Da Silva as consultant

Baines Simmons, part of the Consulting & Training division of global aviation services group Air Partner, is pleased to announce the appointment of Mike Da Silva as consultant. He will report directly to Mike Wallace, Head of

ODU 0201311219
See us at
VIDSE BT1605060320ADSS1000DBT1706171019SMI ActiveP BT1206121119DSEI JP BT1605201119SMI GMS BT1906071119SMI FAV BT1006141119