StandardAero, a leading provider of aerospace engine aftermarket services, has filed for an initial public offering (IPO). The company aims to list its shares on the New York Stock Exchange under the ticker symbol “SARO.” However, StandardAero has not yet disclosed the expected size of the IPO or the anticipated share price.

StandardAero positions itself as the world’s largest independent, pure-play provider of aerospace engine aftermarket services, catering to both fixed and rotary wing aircraft. Its client base spans commercial, military, and business aviation sectors.

For the fiscal year ending December 31, 2023, StandardAero reported revenue of $4.56 billion, an increase from $4.15 billion in the previous year. Investment funds affiliated with The Carlyle Group are among the principal stockholders.

J.P. Morgan and Morgan Stanley are serving as the joint book-running managers for the offering.