AerSale and Monocle to merge

Monocle Acquisition Corporation, a public investment vehicle, and AerSale, which provides aviation aftermarket products and services, have entered into a definitive agreement to merge in a transaction with an implied enterprise value of approximately $430 million, equating to approximately 6.3x AerSale’s forecasted 2020 Adjusted EBITDA. The combined company, which will be named AerSale Corporation, will be publicly traded on the Nasdaq Stock Market. AerSale, currently owned by Leonard Green & Partners, Florida Growth Fund and the company’s two founders, is a global supplier of aftermarket aircraft, spare engines, flight equipment, maintenance, repair and overhaul (MRO) services, and used serviceable material