Ftai Aviation And Unical Aviation Acquire Assets Of Iaero Thrust

Company

About

Unical Aviation is an aftermarket parts and aviation solutions provider serving over 2,100 customers in 91 countries. Located at San Bernardino International Airport with two hangars totaling 125,000 square feet, Unical MRO is an FAA 145 Repair Station that provides parking, storage, maintenance, disassembly, and demolition for commercial and military aircraft. Unical 145 is an FAA 145 Repair Station specializing in mechanical, hydraulic accessories, aero structures, landing gear and composites for Boeing, Airbus, McDonnell Douglas and Bombardier platforms. Unical Aero is an FAA Parts Manufacturer Approval company with design, engineering and manufacturing capabilities of non-OEM, FAA approved parts and components. Founded in 1995 by Tom Gores, 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 customers around the world. The firm is currently investing from Platinum Equity Capital Partners V, a $10 billion 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 operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 25 years Platinum Equity has completed more than 300 acquisitions.

Company

About

FTAI owns and maintains commercial jet engines with a focus on CFM56 engines. FTAI’s propriety portfolio of products, including The Module Factory and a JV to manufacture engine PMA, enables it to provide cost savings and flexibility to our airline, lessor, and MRO customer base. Additionally, FTAI owns and leases jet aircraft which often facilitates the acquisition of engines at attractive prices. FTAI invests in aviation assets and aerospace products that generate strong and stable cash flows with the potential for earnings growth and asset appreciation.