The IPO’s proceeds will largely be used to repay debt, according to filings with the U.S. Securities and Exchange Commission.
Aerospace Leader in Maintenance Services
StandardAero, a leader in aerospace engine maintenance and repair, provides mission-critical services to a wide range of customers, including airlines and military operators. Its client base includes major engine manufacturers like Honeywell and Rolls-Royce. The company, which reported $4.6 billion in revenue for 2023, services approximately 5,000 customers globally.
In its SEC filing, StandardAero emphasized the importance of its engine aftermarket solutions, which are integral to its customers’ flight operations and partners’ businesses.
IPO Marks Next Chapter After Carlyle Acquisition
The Carlyle Group acquired StandardAero from Veritas Group in 2019 for roughly $5 billion. Earlier this year, Carlyle had considered selling StandardAero outright for about $10 billion. However, the decision to go public signals a strategic shift, allowing investors to participate in the company’s continued growth in the aerospace sector.
