Deal With Veritas Capital Expected To Close In Early 2019
Global alternative asset manager The Carlyle Group has agreed to acquire StandardAero, a provider of aftermarket engine maintenance, repair and overhaul (MRO) services for the aerospace and defense industries, from Veritas Capital. The transaction is subject to customary regulatory conditions and is expected to close by the end of the first quarter of 2019. Financial terms were not disclosed, though some industry analysts have estimated the value of the transaction at about $5 billion, according to media reports.