Gallant Capital Partners has sold Aero Turbine to StandardAero, a portfolio company of Carlyle

Aero Turbine

Founded in 1978 and headquartered in Stockton, California, Aero Turbine is a comprehensive provider of maintenance, repair and overhaul (MRO) services and consultative repair solutions for military engines and accessories.

The Deal

In 2019, Gallant Capital partnered with Aero Turbine’s founder, Doug Clayton, and its CEO, Jim Simpkins. Under Gallant’s ownership, Aero Turbine dramatically increased its capacity and capabilities and expanded its addressable market to achieve significant revenue growth. After successfully transforming into an industry-leading defense MRO provider, Aero Turbine sought a new partner to support multiple initiatives designed to further accelerate its growth trajectory. The acquisition of Aero Turbine by StandardAero represents its 13th acquisition since 2015 and will expand its military engine and accessories capabilities for U.S. and foreign military customers.

Our Perspective

Francis Tran, Lincoln International Managing Director who leads the firm’s aerospace and defense sector efforts, commented, “After helping Gallant Capital with its initial investment in Aero Turbine, we had a front row seat to watch them deploy their operationally focused playbook, OTX, and lead Aero Turbine through a period of transformational growth and diversification, while supporting management through an exit. Now is the perfect time for Aero Turbine to partner with StandardAero, and we are excited to see the next chapter.”

Gallant Capital Partners

Gallant is a private equity firm that makes control investments in industrial, business services and technology companies. Gallant executes an operationally focused investment strategy with a priority on partnering closely with companies that can benefit from its extensive industry relationships and operating expertise. The firm partners with management teams to maximize value and drive long-term, sustainable growth for its portfolio companies. Gallant was founded in 2018 and is headquartered in Los Angeles. For more information, please visit www.gallantcapital.com.

StandardAero

StandardAero is a leading independent pure-play provider of aerospace engine aftermarket services for fixed and rotary wing aircraft, serving the commercial, military and business aviation end markets. StandardAero provides a comprehensive suite of critical, value-added aftermarket solutions, including engine MRO, engine component repair, on-wing and field service support, asset management and engineering solutions. For more information, please visit www.standardaero.com.

Carlyle

Carlyle is a global investment firm with deep industry expertise that deploys private capital across three business segments: private equity, credit and investment solutions. With $435 billion of assets under management, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which it lives and invests. Carlyle employs more than 2,200 people in 29 offices across four continents. For more information, please visit www.carlyle.com.

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