Carlyle Group-backed StandardAero completed the acquisition of TRS Ireland for €45m.

The Carlyle Group-backed StandardAero, a provider of aftermarket engine maintenance, repair, and overhaul services for the aerospace and defense industries, completed the acquisition of TRS Ireland, a highly specialized provider of component repair and manufacturing processes for a large range of industrial, aero-derivative and aircraft gas turbines, from Tuckerman Capital, a private equity firm, for €45m. “TRS Ireland has a long-standing, hard-earned reputation in the industry as a reliable service partner and will bring immediate growth and opportunity for StandardAero. The company has also been extremely successful in implementing lean manufacturing initiatives to drive efficiency, which is very much in line with StandardAero’s operating model,” Russell Ford, StandardAero Chairman and CEO.