StandardAero (SARO.US), an aftermarket provider for aircraft engines, upsizes its IPO, planning to raise $1.3 billion

Aircraft engine aftermarket service provider StandardAero has increased the size of its proposed initial public offering (IPO). The company now plans to issue 60 million shares at a price of $20-$23 per share, raising $1.3 billion. Previously, the company had planned to apply to issue 46 million shares at the same price range. The company plans to list on the NYSE under the ticker "SARO".

StandardAero, which was acquired by private equity giant Carlyle (CG.US) in 2019, is a leading independent provider of aircraft engine aftermarket services, offering maintenance, repair and overhaul solutions for fixed-wing and rotary aircraft in the commercial, military and business aviation sectors.

The company has long-standing relationships with engine manufacturers and aircraft operators and is authorized by original equipment manufacturers including General Electric Aerospace (GE.US), CFM International and Rolls Royce. The company highlights its support for the CFM56 engine, which powers the Boeing 737NG and Airbus A320ceo aircraft series. Data shows StandardAero's 12-month sales of $4.8 billion through June 30, 2024.