StandardAero (SARO) said Monday that its stockholders Carlyle Group (CG) affiliates and GIC Private intend to sell a total of 30 million shares in an underwritten secondary offering.

The selling shareholders expect to grant the underwriters a 30-day option to buy up to 4.5 million additional shares, according to StandardAero. All of the net proceeds from the offering will go to the selling stockholders, the company said.