Platinum Equity to Acquire Unical Aviation

Platinum Equity announced that it has signed an agreement to acquire Unical Aviation Inc. and certain of its affiliates from affiliates of the company's founders. Unical Aviation Inc. is a major supplier of aircraft parts and components to the global commercial aerospace industry.

Unical Aviation, Unical MRO, Unical 145, and Unical Aero are all part of the deal. The sale to Platinum Equity does not include Unical Defense Inc., a subsidiary that handles government defense contracts. The financial details were not disclosed.

Platinum Equity, a global investment company headquartered in Los Angeles with more than $25 billion in assets under management, has extensive experience investing in supply chain and logistics businesses, particularly those in the aviation industry. Unical will operate as a separate entity within Platinum Equity's portfolio.

Unical is one of the leading providers of new and used serviceable material to the global aerospace industry, with over 85 million parts in stock and over 1.3 million unique airframe and engine part numbers. Commercial airlines, cargo operators, aircraft lessors, aviation maintenance, repair, and overhaul (MRO) businesses use the company to source, re-certify, and resell aircraft components. In addition, Unical's repair stations are vertically integrated, giving it a competitive edge with quick-to-market service.

Unical, founded in 1990 and based in the City of Industry, California, employs over 450 people and serves over 2,100 aviation clients worldwide via a network of dedicated facilities in the United States, Europe, and Asia.

About Unical Aviation
Unical Aviation is a provider of aftermarket parts and aviation solutions with over 2,100 clients in 91 countries. Unical MRO, with two hangars totaling 125,000 square feet at San Bernardino International Airport, is an FAA 145 Repair Station that offers parking, storage, repair, and demolition for commercial and military airplanes. Unical 145 is an FAA 145 Repair Station specialized in mechanical, hydraulic accessories, aerostructures, landing gear, and parts for Boeing, Airbus, McDonnell Douglas, and Bombardier. Unical Aero is an FAA Approved Parts Manufacturer company with non-OEM, FAA-certified parts, components design, engineering, and manufacturing capabilities.

About Platinum Equity
Platinum Equity, established in 1995 by Tom Gores, is a global investment company with more than $25 billion in assets under management and a portfolio of approximately 40 operating companies serving customers worldwide. In addition, platinum Equity Capital Partners V, a $10 billion global buyout fund, and Platinum Equity Small Cap Fund, a $1.5 billion buyout fund focusing on lower middle-market investment opportunities, are currently investing. Platinum Equity specializes in mergers, acquisitions, and operations (M&A&O), acquiring and operating companies in a wide range of business markets such as manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications, and others. Platinum Equity has completed over 300 acquisitions in the last 25 years.