PLATINUM EQUITY COMPLETES SALE OF UNICAL AVIATION TO SATAIR, AN AIRBUS COMPANY
Successful exit follows comprehensive four-year operational transformation program
The sale includes Unical, a global aircraft parts and components supplier of Used Serviceable Material (USM) and its subsidiary ecube Solutions, a global expert in aircraft storage, disassembly, and transition services.
Platinum Equity acquired Unical in 2021. Over the past four years Unical has undergone a comprehensive transformation program designed to modernize operations, strengthen leadership, and accelerate growth.
"The completion of this transaction marks the successful culmination of a four-year transformation at Unical," said
"We believe Unical stands as a fundamentally stronger business than when we acquired it," said
Highlights of Unical's transformation under Platinum Equity's ownership include:
- Built a new leadership team of seasoned aerospace aftermarket professionals
- Modernized technology platforms, including new ERP, auto-quoting and e-commerce systems, better enabling Unical to scale
- Optimized geographic footprint and relocated headquarters and MRO operations to a purpose-built, lower-cost facility
- Diversified inventory to include narrowbody and next-generation aircraft and engine content
- Established a dedicated asset management team focused on maximizing returns
- Completed strategic add-on acquisition ecube, which enhanced Unical's end-of-life services and its global footprint
Jefferies and Fifth Third Securities served as financial advisors to Unical on the sale to Satair and ReedSmith served as the company's legal counsel on the transaction.
About Platinum Equity
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Contacts:
Platinum Equity
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View original content:https://www.prnewswire.com/news-releases/platinum-equity-completes-sale-of-unical-aviation-to-satair-an-airbus-company-302768401.html
SOURCE Platinum Equity
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