StandardAero Returns To Carlyle Portfolio
StandardAero's value is estimated to have grown eight-fold as revenues reached $3 billion last year.

The Carlyle Group closed on its acquisition of StandardAero, marking a return of the global maintenance, repair, and overhaul organization to the investment firm’s aerospace portfolio.


Terms of the acquisition from Veritas Capital were not disclosed, but financial reports had estimated the value of the deal at about $5 billion. That is nearly eight times the estimated price Carlyle paid in 2004 when it first acquired the then Dunlop Standard Aerospace, at the time an entity with four major facilities in North America and Europe that employed 2,600.


Carlyle sold the MRO provider in a $1.9 billion deal packaged with Landmark Aviation to Dubai Aerospace Enterprise (DAE) in 2007. Veritas subsequently acquired StandardAero in 2015, and by that time its value had grown to $2.1 billion. Today, StandardAero has more than 6,000 employees at 38 primary locations and dozens of field services and sales offices across five continents. The company’s revenues reached $3 billion last year.


“StandardAero has established itself as one of the true leaders in the MRO industry,” said Adam Palmer, managing director and global head of aerospace, defense, and government services for Carlyle. “We are excited to partner with the StandardAero team to continue supporting the company’s growth and industry leadership.” Ramzi Musallam, CEO and managing partner of Veritas Capital, added the company is well positioned to continue its momentum.