Monocle Acquisition completed the acquisition of AerSale from Leonard Green & Partners and Florida Growth Fund for $317m.

Monocle Acquisition, a public investment vehicle, completed the acquisition of AerSale, a global supplier of aftermarket commercial jet aircraft, engines, OEM used serviceable material, maintenance, repair & overhaul and engineering services, from Leonard Green & Partners and Florida Growth Fund for $317m. "AerSale aligns perfectly with the investment criteria we outlined throughout Monocle's IPO process. The aviation aftermarket sector has proven resilient to economic cycles, and we believe presents a compelling opportunity for future growth. AerSale has created significant competitive advantages through regulatory streamlining, data capture and analytics, long-term customer relationships, and its integrated business model. We are acquiring this business at an attractive valuation relative to public aerospace peers, while providing significant potential to generate shareholder value over the near- and long-term," Eric Zahler, Monocle CEO and President.