Carlyle completes StandardAero acquisition
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.