StandardAero, a provider of aerospace engine aftermarket services, filed on Friday with the SEC to raise up to $100 million in an initial public offering. However, this is likely a placeholder for a deal that we estimate could raise up to $1.0 billion.
StandardAero is a leading independent provider of aerospace engine aftermarket services, consisting of maintenance, repair, and overhaul solutions for fixed and rotary wing aircraft across commercial, military, and business aviation sectors. With over 100 years of industry experience, the company has established strong relationships with both engine manufacturers and aircraft operators. StandardAero's services include scheduled and unscheduled engine maintenance, component repair, on-wing support, asset management, and engineering solutions.
The Scottsdale, AZ-based company was founded in 1911 and booked $4.8 billion in revenue for the 12 months ended June 30, 2024. It plans to list on the NYSE under the symbol SARO. StandardAero filed confidentially on June 7, 2024. J.P. Morgan, Morgan Stanley, BofA Securities, UBS Investment Bank, Jefferies, RBC Capital Markets, Carlyle, CIBC World Markets, HSBC, Mizuho Securities, Nomura Securities, and Societe Generale are the joint bookrunners on the deal. No pricing terms were disclosed.
