Standard Aero

The company offers a comprehensive suite of critical, value-added aftermarket solutions, including scheduled and unscheduled engine maintenance, repair and overhaul, engine component repair, on-wing and field service support, asset management, and engineering solutions. It plays a crucial role in the engine aftermarket value chain, connecting engine original equipment manufacturers (OEMs) with aircraft operators through its aftermarket services and maintaining longstanding relationships with both. The company has earned a leading reputation based on its strong track record of safety, reliability, and operational performance, built over more than 100 years of successful operations in the aerospace aftermarket.

The company’s business encompasses a diverse mix of end markets, customers, and engine platforms. Its revenue is highly diversified across the commercial, military, and business aviation sectors, which provides significant resiliency and the ability to capitalize on new business opportunities. Furthermore, diversification across engine OEMs and platforms reduces the company’s exposure to unique events that may affect demand for a specific aircraft or engine type.

Within its markets, the company holds leadership positions on most of the engine platforms it serves, with an estimated 80% of Engine Services sales in 2023 coming from platforms where it holds #1 or #2 positions globally. Its platform portfolio includes a mix of mature, growth, and next-generation programs, featuring many engines that power the world’s most widely used aircraft. For example, the company supports the CFM56, which powers the Boeing 737NG and Airbus A320ceo family narrowbody aircraft and has the largest installed base of any engine platform. It also provides services for the LEAP-1A/-1B engines, which power the next generation of narrowbody aircraft and are expected to become the most widely fielded platform family by the early 2030s, as well as the CF34, which powers many of the world’s most utilized regional jets. On several platforms, the company holds contracts directly with OEMs, designating it as the primary or sole outsourced provider of maintenance services for the engine. Additionally, with approximately 77% of its revenue in the year ending December 31, 2023, derived from long-term contractual agreements, the company’s financial profile is marked by predictable, recurring revenue supported by the highly regulated nature of aircraft engine maintenance requirements.

The company is also one of the largest independent engine component repair platforms globally, serving commercial aerospace, military, land and marine, and oil and gas markets. Significant investments have been made in its Component Repair Services business, which offers attractive margins, substantial growth opportunities, and synergies with its Engine Services operations.