Author: Jane Edwards|| Date Published: August 27, 2024
StandardAero, a portfolio company of global investment firm Carlyle (Nasdaq: CG), has acquired Aero Turbine from Los Angeles-based private equity firm Gallant Capital, for an undisclosed sum as part of a push to expand its maintenance, repair and overhaul capabilities.
Established in 1978, Aero Turbine provides MRO services and consultative repair and engineering services for military engines and accessories of U.S. and foreign military customers, StandardAero said Monday.
Aero Turbine, which was acquired by Gallant in 2019, has nearly 200 skilled technicians and runs a 60,000-square-foot facility at the Stockton Metropolitan Airport in northern California. The company supports customers including the U.S. Air Force, Navy, foreign military agencies, Textron company ATAC and Magellan Aerospace.
The transaction marks StandardAero’s 13th acquisition since 2015.
Russell Ford, chairman and CEO of StandardAero, said Aero Turbine is committed to operational excellence and lean-driven performance in support of military aircraft operators.
Lincoln International advised Gallant and Aero Turbine on the deal and Stradling Yocca Carlson & Rauth acted as legal counsel.
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