Carlyle-backed StandardAero completed the acquisition of Aero Turbine from Gallant Capital.

Carlyle-backed StandardAero, a provider of services including engine and airframe maintenance, repair and overhaul, completed the acquisition of Aero Turbine, a provider of maintenance, repair, and overhaul services, from Gallant Capital, an investment firm. Financial terms were not disclosed. "Gallant partnered with Aero Turbine’s founder, Doug Clayton, and its CEO, Jim Simpkins, to transform the business into an industry leading defense MRO. The successful implementation of Gallant’s value creation playbook, OTXTM, allowed Aero Turbine to dramatically increase its capacity and capabilities, in order to expand its addressable market, and achieve significant revenue growth," Gallant Capital.