Covington Advises Veritas Capital in Acquisition of Sequa

WASHINGTON—Covington is advising Veritas Capital in its definitive agreement to acquire Sequa Corporation, parent company of Chromalloy, from funds managed by global investment firm Carlyle. The transaction is expected to close later this year.

Veritas Capital is a longstanding technology investor with a focus on companies operating at the intersection of technology and government. The firm invests in companies that provide technology and technology-enabled solutions to government and commercial customers worldwide.

Sequa is a global technology company and a leading solutions provider for aircraft engines and gas turbines. Chromalloy provides the airline industry with a broad range of aftermarket services and ranks as the leading independent supplier of advanced repairs for jet engine parts.

Scott Freling and Alex Hastings led the Covington team advising Veritas on government contracts and other regulatory matters. Other team members included Anna Menzel and Paul Rowley (government contracts), Justin Schenck (trade controls), and Mona Patel (anticorruption).