Veritas Completes $2.1B Buy of StandardAero from DAE
July 09, 2015
Veritas Capital has completed its previously announced purchase of StandardAero from Dubai Aerospace Enterprise for $2.1 billion. Founded in 1911 and employing over 3,400, StandardAero is a provider of aircraft maintenance, repair and overhaul services. The company serves business, commercial and military aviation, as well as industrial power customers in more than 70 countries. It currently provides a global service network of 13 primary facilities in the U.S., Canada, Europe, Singapore and Australia.