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M&A Deal Summary

StandardAero Acquires Aero Turbine

On August 26, 2024, StandardAero acquired aerospace company Aero Turbine from Gallant Capital

Acquisition Highlights
  • This is StandardAero’s 4th transaction in the Aerospace sector.
  • This is StandardAero’s 3rd transaction in the United States.
  • This is StandardAero’s 2nd transaction in California.

M&A Deal Summary
Date 2024-08-26
Target Aero Turbine
Sector Aerospace
Buyer(s) StandardAero
Sellers(s) Gallant Capital
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)
Stradling Yocca Carlson & Rauth (Legal)

Target

Aero Turbine

Stockton, California, United States
Aero Turbine is a maintenance, repair and overhaul (MRO) services provider focused on engines, parts, and accessories for military aircraft. ATI also supports multiple legacies and specialty engines and is the source of innovative repair solutions for both domestic and international fleets. Our engines power the T-2, T-37, T-38, F5, A-37, and F-4 aircraft worldwide. Aero Turbine was founded in 1978 and is based in Stockton, California.

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Buyer(S) 1

Buyer

StandardAero

Scottsdale, Arizona, United States
Category Company
Founded 1911
Sector Aerospace
Employees7,700
Revenue 5.2B USD (2024)
DESCRIPTION

StandardAero is an independent maintenance, repair, and overhaul (MRO) provider. The Company offers extensive MRO services and custom solutions for business aviation, commercial aviation, military, and industrial power customers. StandardAero was founded in 1911 and is based in Scottsdale, Arizona.

DEAL STATS #
Overall 4 of 4
Sector: Aerospace M&A 4 of 4
Type: Add-on Acquisition M&A Deals 3 of 3
State: California M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Western Jet Aviation

Van Nuys, California, United States

Western Jet Aviation provides maintenance, repair, and avionics services for business and general aviation aircraft. Western Jet Aviation was founded in 1999 and is based in Van Nuys, California.

Buy -

Seller(S) 1

SELLER

Gallant Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gallant Capital is a private equity firm focused on control investments of profitable lower middle-market companies with up to $40 million of EBITDA. The Firm targets individual or family-owned companies as well as corporate divestitures. Broad areas of interest include technology, industrials, and business services. Gallant Capital was established in 2018 and is headquartered in Los Angeles, California.

DEAL STATS #
Overall 1 of 2
Sector: Aerospace M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-17 Fime

Antony, France

Fime is a provider of consulting and market integration services for secure chip based applications, tokens and devices. Fime was founded in 1962 and is based in Antony, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-23 Navient - Government Services business

Herndon, Virginia, United States

Navient’s Government Services business includes Navient Business Processing Group, Duncan Solutions, Gila (D.B.A Municipal Services Bureau), Pioneer Credit Recovery, and Navient BPO. Navient’s Government Services are based in Herndon, Virginia.

Buy -
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