Carlyle Sells Two Aerospace Cos.

The Carlyle Group has agreed to sell Landmark Aviation and Standard Aero to Dubai Aerospace Enterprise. The transaction is valued at $1.8 billion, with around $1.03 billion being used for the Standard Aero acquisition. Tempe, Ariz.-based Landmark provides aircraft maintenance services, while Winnipeg-based Standard Aero provides repair services at airport terminals. Doughty Hanson is also a Standard Aero shareholder.