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New Deal


Announced

Completed

FTAI Aviation and Platinum Equity-backed Unical Aviation completed the acquisition of iAero Thrust.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

United States

aircraft engines

Friendly

Private Equity

Private

Acquisition

Completed

Majority

Aerospace

Single Bidder

Synopsis

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FTAI Aviation, an aerospace company, and Platinum Equity-backed Unical Aviation, a provider of aircraft parts and components, completed the acquisition of iAero Thrust, a manufacturer of aircraft engines. Financial terms were not disclosed. “We are excited to partner with Unical and add QuickTurn to our portfolio of CFM56 engine maintenance products. QuickTurn complements our existing maintenance center The Module Factory with Lockheed Martin in Montreal where we build and supply high quality modules. QuickTurn enables us to deliver module exchanges directly to customers offering a new standard for speed and convenience," Joe Adams, FTAI CEO.

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