MoFo News Item

MoFo Advises Unical Aviation in Sale to Platinum Equity

26 Aug 2021

Morrison & Foerster advised Unical Aviation Inc. and certain of the company’s affiliates (“Unical”), a leading provider of aircraft parts and components to the global commercial aerospace market, in its sale to Platinum Equity, a Los Angeles-based global investment firm with more than $25 billion of assets under management. Unical will operate as a standalone company in Platinum Equity’s portfolio.

With more than 85 million parts and over 1.3 million unique airframe and engine part numbers in stock, Unical is one of the largest suppliers of new and used serviceable material for the global aerospace industry. The company sources, re-certifies and resells aircraft parts to commercial airlines, cargo operators, aircraft lessors, and aviation maintenance, repair and overhaul (MRO) businesses. Unical is vertically integrated with its repair stations, providing a competitive advantage with quick to market service. Unical will benefit from Platinum Equity’s substantial experience investing in supply chain and logistics businesses.

The MoFo team advising Unical was led by Palo Alto corporate partner Mike Krigbaum, together with Palo Alto corporate associate Jim Ryan, Los Angeles senior finance of counsel Kathy Johnstone, and Los Angeles real estate partner Thomas Fileti.

Read more about the transaction in Platinum Equity’s press release.

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