Platinum Equity has signed a definitive agreement to sell Unical Aviation to Airbus' aftermarket solutions company Satair.
The sale includes Unical, a global aircraft parts and components supplier of used serviceable materials (USM) and its subsidiary ecube Solutions, a global expert in aircraft storage, disassembly, and transition services.
Platinum Equity acquired Unical in 2021.
“When we acquired the business, we saw tremendous potential to modernize its operations, expand its position within the aerospace aftermarket, and elevate its presence on the global stage," said Platinum Equity co-president Jacob Kotzubei. “Over the past four years, we achieved those goals by partnering with the leadership team to implement advanced technology, expand global capabilities, and strengthen the company's competitive position.”
Unical CEO Sharon Green commented: “The strategic moves we've made together to transform the business, combined with tireless improvement and disciplined execution, have positioned Unical as a global leader in the USM market.”
The sale is expected to close early next year.
Jefferies and Fifth Third Securities are serving as financial advisors to Unical on the sale to Satair and ReedSmith is serving as the company's legal counsel on the transaction.