Aircraft maintenance service provider StandardAero could be put up for sale as owner the Carlyle Group considers listing the business for around $10bn amid a strong post-pandemic recovery.
The US company was acquired by investment firm Carlyle from Veritas Capital for $5bn in 2019 and generated a solid $4.6bn revenue in 2023, making it an enticing time for Carlyle to profit from its initial investment.
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According to Reuters, the sale is just one of the ideas for the future of the company being considered by Carlyle, alongside an initial public offering, which is discussing plans with its advisors.
One of the oldest aircraft maintenance companies around, StandardAero was founded in Canada in 1911 as Standard Machine Works and has since grown to be one of the largest MRO providers in the world.
The company has contracts with some of aviation’s largest players such as Rolls-Royce and CFM International, and has also signed deals with next generation aviation technology businesses including Boom Supersonic.
While neither StandardAero or Carlyle officially commented on the reports it would continue a trend of investment firms taking advantage of the aviation industry’s strong recovery from its pandemic-driven slump.
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By GlobalDataIn November 2023, Saudi Arabia’s sovereign wealth fund PIF went the other way to Carlyle and took the chance to invest in a 10% stake in London Heathrow Airport.
