Latham & Watkins Advises StandardAero on Acquisition of Signature Aviation’s Engine Repair and Overhaul Business

A corporate team advised the maintenance, repair, and overhaul provider.

February 17, 2021

StandardAero, a leading provider of maintenance, repair, and overhaul (MRO) services and a portfolio company of The Carlyle Group, has entered into a definitive agreement to acquire Signature Aviation’s Engine Repair and Overhaul (ERO) business for US$230 million. The agreement was signed on February 16, 2021. The transaction is expected to close mid-2021, subject to the receipt of regulatory approvals and the satisfaction of other customary closing conditions as detailed in the company press release.

Latham & Watkins LLP represented StandardAero in the transaction with a corporate team led by Chicago partner Shaun Hartley, Washington, D.C. partners Dan Lennon and Cory Tull with associates Brad Guest, Faisal Amin, and Bharath Mohan. Advice was also provided on tax matters by New York partner David Raab; on compensation and benefits matters by Washington, D.C. partner Dave Della Rocca; on intellectual property and TSA matters by New York partner Steve Betensky; on environmental matters by Washington, D.C. partner James Barrett; and on debt financing matters by Washington, D.C. partner Jeff Chenard.

 
 
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