Maintenance and Modifications
StandardAero Sold In $5 Billion Deal
Veritas Capital has sold the global MRO provider to The Carlyle Group. The transaction is expected to close in the first quarter of 2019
Barring any regulatory objections, The Carlyle Group will purchase StandardAero from Veritas Capital for approximately $5 billion. The MRO provider operates 38 major facilities, with additional regional service and support centers around the world.
Barring any regulatory objections, The Carlyle Group will purchase StandardAero from Veritas Capital for approximately $5 billion. The MRO provider operates 38 major facilities, with additional regional service and support centers around the world.

Asset management company The Carlyle Group has agreed to purchase global aircraft maintenance and repair provider StandardAero from Veritas Capital, The Carlyle Group announced today. While terms of the deal were not disclosed, industry financial reporters have pegged it at approximately $5 billion. Subject to customary regulatory review, the transaction is expected to close in the first quarter of 2019.