M&A Deal Summary

Veritas Capital Acquires StandardAero

On July 8, 2015, private equity firm Veritas Capital acquired aerospace company StandardAero from Dubai Aerospace for 2.1B USD

Acquisition Highlights
  • This is Veritas Capital’s 1st transaction in the Aerospace sector.
  • This is Veritas Capital’s 6th largest (disclosed) transaction.
  • This is Veritas Capital’s 1st transaction in Canada.
  • This is Veritas Capital’s 1st transaction in Ontario.
Investment Fate
  • StandardAero was sold to a consortium of financial buyers in 2018.

M&A Deal Summary

Date 2015-07-08
Target StandardAero
Sector Aerospace
Buyer(s) Veritas Capital
Sellers(s) Dubai Aerospace
Deal Type Divestiture
Deal Value 2.1B USD

Target

StandardAero

Winnipeg, Ontario, Canada
website
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 is based in Winnipeg, Ontario.

Search 192,723 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Veritas Capital

New York, New York, United States

website


Category Private Equity Firm
Founded 1992
PE ASSETS 40.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Veritas Capital is a private equity investment firm that targets investments in defense, aerospace, government services, media/telecommunications, consumer products, and specialty manufacturing companies. Veritas generally partners with management when pursuing investments. Prospective transaction situations include buyouts, growth capital investments, and leveraged recapitalizations. Veritas Capital was established in 1992 and is based in New York City.


DEAL STATS #
Overall 17 of 40
Sector (Aerospace) 1 of 2
Type (Divestiture) 7 of 18
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2015) 2 of 4
Size (of disclosed) 6 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-15 OnSolve

Alpharetta, Georgia, United States

OnSolve delivers critical event management capabilities backed by unmatched industry expertise, which keeps our customers safe, informed, assured, and productive during a crisis. As a critical event management provider for enterprises, SMB organizations, and government entities, OnSolve provides a SaaS-based global platform that delivers risk intelligence, critical communications, incident management, and centralized control to help organizations mitigate risk and strengthen organizational resilience. OnSolve is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-23 Alion

McLean, Virginia, United States

Alion provides engineering, information technology, naval architecture, and operational solutions for defense, civilian government, foreign governments, and commercial industries in the United States and internationally. Alion was founded in 2001 and is based in McLean, Virginia.

Buy $300M

Seller(S) 1

SELLER

Dubai Aerospace

Dubai, United Arab Emirates

website


Category Company
Sector Aerospace
DESCRIPTION

Dubai Aerospace is a global aviation services company with leasing and engineering divisions that serve over 170 customers around the world from seven offices in Dubai, Dublin, Amman, Singapore, New York, Miami, and Seattle. Dubai Aerospace is based in Dubai, United Arab Emirates.


DEAL STATS #
Overall 2 of 2
Sector (Aerospace) 2 of 2
Type (Divestiture) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-13 Landmark FBO

Houston, Texas, United States

Landmark FBO, LLC (“Landmark”) is a provider of fueling and ground support services to the general and commercial aviation markets through its network of fixed base operations (“FBOs”). Landmark is the 3rd largest network of FBOs in North America with a presence at high volume airports such as Washington Dulles and Los Angeles International. In addition to FBOs, the company provides MRO services, aircraft charter and management, aircraft fueling and information technology support services to the U.S. military through long-term contracts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-24 AWAS Aviation Capital

Dublin, Ireland

AWAS Aviation Capital Ltd. is a major international aircraft leasing group with over 70 lessees in 45 countries, including some of the major international and regional airlines. Operating for more than 30 years, AWAS is one of the world’s major aircraft leasing companies, with a fleet of 263 owned, managed and committed narrow and wide-body aircraft, including a pipeline of 23 new aircraft on order to be delivered before the end of 2018. AWAS currently provides customized aviation solutions to over 85 airline customers in over 45 countries.

Buy -