Blackstone (NYSE: BX) and CVC Capital Partners are considering bids for StandardAero, an aircraft maintenance services provider backed by Carlyle (NYSE: CG). The potential deal could value StandardAero at $10 billion or more, including debt. Veritas Capital has also shown initial interest in acquiring the company.

Carlyle is expected to request first-round bids soon, and other bidders may still emerge. There is a possibility that firms could collaborate on joint offers. Carlyle is working with JPMorgan (NYSE: JPM) and Morgan Stanley (NYSE: MS) to explore a potential sale or initial public offering of StandardAero.

Discussions are ongoing, and there is no certainty that any private equity firms will pursue a deal. Representatives for Carlyle, Blackstone, and CVC declined to comment, and a spokesperson for Veritas was unavailable.

StandardAero, based in Scottsdale, Arizona, provides maintenance, repair, and overhaul services for gas turbine engines. The company employs about 7,500 people and serves major manufacturers like GE Aerospace (NYSE: GE), Safran SA, and Pratt & Whitney. Last year, StandardAero signed a long-term agreement to support CFM International LEAP-1A and LEAP-1B engines.

Carlyle acquired StandardAero from Veritas in 2019, though the financial terms of that deal were not disclosed.