StandardAero announces offering of 30M shares of common stock for holders

StandardAero (SARO) announced that two of its stockholders, affiliates of The Carlyle Group and GIC, intend to offer for sale in an underwritten secondary offering an aggregate of 30M shares of the company’s common stock, pursuant to the company’s shelf registration statement on Form S-1 filed with the SEC. The selling stockholders will receive all of the net proceeds from this offering. No shares are being sold by the company. J.P. Morgan, Morgan Stanley, RBC Capital Markets, BofA Securities, UBS Investment Bank, and Jefferies are acting as joint lead book-running managers for the proposed offering. Carlyle is acting as co-manager for the offering.