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

Aurigny opts for OASES from Commsoft

Guernsey-based Aurigny Air Services Ltd has chosen OASES, Commsoft’s MRO IT system, to support its fleet of Embraer, ATR and Dornier aircraft.

NCA publishes Annual Plan 2019/20

Informed by its enhanced understanding of the evolving threat to the UK from Serious and Organised Crime (SOC), the National Crime Agency (NCA) last week published its Annual Plan for 2019/20, setting out its operational priorities for

Avinor reappoints Helios for operational support

Avinor Air Navigation Services, the biggest air navigation service provider in Norway, has reappointed Egis aviation, led by Helios, under a five-year framework contract for provision of consultancy and engineering services.

Global problems to be tackled by UK from space

A new UK space industry directory has been produced, showcasing the range of UK expertise in satellite technology and how it can help tackle problems such as illegal deforestation, disaster response and food production.

Airbond wins second coveted Queen’s Award

Airbond is celebrating securing the Queen’s Award for Innovation – the UK’s highest accolade for business success – for its new patented, splicing technology, making it the second Queen’s Award the company has achieved, having won

First ‘marsquake’ captured by UK sensors

The NASA InSight lander which is supported by the UK Space Agency has recorded its first candidate for a ‘marsquake’.

See us at
ARAS BT2802140519SMIFAVWS BT1302060619