ORANGE COUNTY — Global law firm Reed Smith represented Platinum Equity in connection with its execution of a definitive agreement to sell Unical Aviation, a global supplier of aircraft parts, components, and used serviceable material (USM), and Unical’s subsidiary eCube Solutions, which handles aircraft storage, disassembly, and transition services, to Satair, an Airbus company and supplier of aircraft spare parts and integrated aftermarket services.
Platinum Equity acquired Unical in 2021 and led a multiyear modernization program focused on upgrading technology systems, strengthening leadership, diversifying inventory, and broadening service capabilities through several strategic acquisitions, including eCube. The sale to Satair includes Unical’s and eCube’s operational sites across North America, Spain, and the UK.
The acquisition, which is expected to close in early 2025, will expand Satair’s USM offerings and its aircraft life cycle-management capabilities in the aerospace aftermarket.
Reed Smith’s deal team was led by Tim Rupp and Philip Chang and included Ron Scharnberg, Carl De Cicco, and William Azuh.