The acquisition includes Unical Aviation, Unical MRO, Unical 145 and Unical Aero. Unical Defense Inc., a subsidiary that serves government defense contracts, is not included in the sale to Platinum Equity. The transaction is expected to close in the third quarter of 2021. Financial terms were not disclosed.
Platinum Shares, one Los Angelesglobal investment company with more than $ 25 billion assets under management, has a solid track record of investing in supply chain and logistics activities, including in the aerospace sector. The company currently owns Incora, a global provider of aerospace and defense supply chain services based in the UK. Unical will operate as a stand-alone company within the Platinum Equity portfolio.
With over 85 million parts and over 1.3 million unique airframe and engine part numbers in stock, Unical is one of the largest suppliers of new and used service equipment to the global aerospace industry. The company sources, re-certifies and resells aircraft parts to commercial airlines, freight operators, aircraft rental companies, and aviation maintenance, repair and overhaul (MRO) companies. Unical is vertically integrated with its repair stations, providing a competitive advantage with prompt service to the market.
“Unical is one of the largest and most trusted suppliers of parts and aftermarket services to aviation customers around the world,” said Jacob Kotzubei, Platinum Equity Partner. “As post-pandemic air passenger traffic recovers and the air freight market continues to grow, the need for on-hand stocks of quality parts is expected to increase. The aviation industry is also forecasting significant levels of fleet withdrawals, which will create abundant levels of supply to meet this growth in demand. As a vital link in the aviation supply chain with over 30 years of experience, we believe Unical’s value proposition will be more important than ever.
Founded in 1990 and based in City of Industry, California, Unical has more than 450 employees and supplies aircraft parts and components to more than 2,100 aviation customers worldwide through a network of dedicated facilities in United States, Europe and Asia.
“We are delighted to partner with the Unical team to build on the company’s impressive heritage,” said the CEO of Platinum Equity. Dan Krasner. “With the financial capacity and operational resources of Platinum, we intend to accelerate the growth of Unical and significantly expand its position in the aerospace aftermarket. the air transport market is recovering. “
Lazard acts as financial advisor, Morrison & Foerster as legal advisor and Alvarez & Marsal as restructuring advisor for Unical. Sheppard mullin acts as legal advisor to the seller. Morgan lewis serves as legal advisor to Platinum Equity on the transaction.
About Unical Aviation
Single aviation is a supplier of aircraft spare parts and solutions serving more than 2,100 customers in 91 countries. Located at Saint-Bernardin International airport with two hangars totaling 125,000 square feet, MRO Unical is an FAA 145 repair station that provides parking, storage, maintenance, dismantling and demolition of commercial and military aircraft. Unique 145 is an FAA 145 repair station specializing in mechanical, hydraulic, aerostructure, landing gear and composite accessories for Boeing, Airbus, Mcdonnell douglas and Bombardier platforms. Unical Aero is an FAA parts manufacturer approval company with design, engineering and manufacturing capabilities for non-OEM and FAA approved parts and components.
About platinum stocks
Founded in 1995 by Tom Gorès, Platinum Equity is a global investment firm with more than $ 25 billion of assets under management and a portfolio of approximately 40 operating companies that serve clients around the world. The company is currently investing with Platinum Equity Capital Partners V, a 10 billion dollars global buyout fund and Platinum Equity Small Cap Fund, a $ 1.5 billion buyout fund focused on investment opportunities in the lower middle market. Platinum Equity specializes in mergers, acquisitions and transactions – a branding strategy she calls M&A & O® – acquire and operate companies in a wide range of business markets including manufacturing, distribution, transportation and logistics, equipment rental, metals related services, media and entertainment, technology, telecommunications and other industries. Over the past 25 years, Platinum Equity has made over 300 acquisitions.
Brian Postel, Unical Aviation
Dan Whelan, Platinum Action
SOURCE Platinum Action