StandardAero prices secondary offering at $31 per share
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StandardAero Inc. (NYSE: SARO) announced the pricing of a secondary offering by two stockholders, affiliates of The Carlyle Group Inc. and GIC, of 50 million shares of common stock at $31.00 per share. The selling stockholders will receive all net proceeds from the offering, with no shares being sold by the company.
The offering is expected to close on January 29, 2026, subject to customary closing conditions. The selling stockholders granted underwriters a 30-day option to purchase up to an additional 7.5 million shares.
Morgan Stanley & Co. LLC and J.P. Morgan are serving as joint lead book-running managers, with RBC Capital Markets, BofA Securities, Jefferies, and UBS Investment Bank also acting as joint lead book-running managers.
StandardAero entered into a stock purchase agreement to repurchase $50 million of its common stock in a private transaction at the same price paid by underwriters. The repurchase is being conducted under the company's existing stock repurchase program approved by its board of directors in December 2025.
The share repurchase is expected to close concurrent with the offering on January 29, 2026. The repurchased shares will no longer be outstanding after the transaction. The completion of the share repurchase is contingent on customary closing conditions and conditioned upon completion of the offering, though the offering is not conditioned upon completion of the share repurchase.
StandardAero provides aerospace engine aftermarket services for fixed- and rotary-wing aircraft, serving commercial, military and business aviation markets. The company offers engine maintenance, repair and overhaul services, engine component repair, and field service support.
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