Case Study: StandardAero achieves resilient aerospace growth with Carlyle Group's strategic support

StandardAero grows revenue past $5 billion with Carlyle after $100 million in cost reductions

StandardAero, a leading aircraft engine maintenance, repair, and overhaul (MRO) provider, faced an unprecedented challenge when the COVID-19 pandemic grounded the global aviation industry, cutting maintenance demand in half. The Carlyle Group, which had recently invested in the company, partnered with StandardAero management to navigate this crisis and stabilize the business.

The Carlyle Group implemented a comprehensive plan with over $100 million in cost reductions to preserve liquidity. This allowed for strategic reinvestment and a buy-and-build strategy, resulting in seven accretive acquisitions. Revenues grew to over $5 billion, with sales and EBITDA growing at a 15% and 22% CAGR since 2020. This transformation culminated in a successful 2024 IPO that raised $1.7 billion, valuing StandardAero at over $10 billion and cementing its position as a global leader in aerospace MRO.

StandardAero