Mar Vista Investment Partners, LLC on StandardAero Inc.

Mar Vista initiated a new position in StandardAero during the third quarter, attracted by its position as the world's largest independent pure-play provider of aerospace engine aftermarket services. The company provides maintenance, repair and overhaul services across commercial aviation, business aviation and military aircraft engines. Long-term growth should be supported by increasing engine maintenance requirements, the ramp of newer engine programs such as LEAP and sustained demand for established platforms including the CFM56. High technical and regulatory barriers to entry, longstanding relationships with customers and original equipment manufacturers, and leading positions across multiple engine platforms reinforce its competitive position. Mar Vista also expects margin expansion as newer programs mature and the higher-margin Component Repair Services business grows, supporting durable free cash flow generation and attractive long-term returns.