StandardAero, an acquired aircraft maintenance services provider, files for IPO/potential sale with $8.6M H1 profit, plans to trade on NYSE under SARO.

StandardAero Inc., an aircraft maintenance services provider acquired by Carlyle Group in 2019, has filed for an IPO while considering a potential sale. Based in Scottsdale, Arizona, the company reported a profit of $8.6 million in the first half of the year, reversing prior losses, and could be valued at around $10 billion. StandardAero serves commercial and military aviation and plans to trade on the NYSE under the symbol SARO, with JPMorgan and Morgan Stanley as lead underwriters.

September 06, 2024
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