Platinum Equity Completes Acquisition Of Global Aerospace Supply Chain Services Provider Unical Aviation prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
July 22, 2021
LOS ANGELES July 19, 2021 Platinum Equity announced today it 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 $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 Wo