Platinum Equity has signed a definitive agreement to acquire Unical Aviation Inc. and certain of the company’s affiliates (Unical), a leading provider of aircraft parts and components to the global commercial aerospace market, from affiliates of the company’s founders.
The acquisition includes Unical Aviation, Unical MRO, Unical 145, and Unical Aero. Unical Defense Inc., an affiliate that serves government defense contracts, is not included in the sale to Platinum Equity. The transaction is expected to close during the third quarter of 2021. Financial terms were not disclosed.
Platinum Equity, a Los Angeles-based global investment firm with more than US$25 billion of assets under management, has substantial experience investing in supply chain and logistics businesses, including in the aerospace sector. The firm currently owns Incora, a global aerospace and defense supply chain service provider based in Fort Worth, Texas. Unical will operate as a standalone company in Platinum Equity’s portfolio.
