The Gores Group has sold TurbineAero to Snow Peak Capital
TurbineAero
TurbineAero, founded in 1977 and headquartered near Phoenix, is the world’s largest independent provider of maintenance, repair and overhaul (MRO) services and solutions focused on aircraft auxiliary power units and other aeroengine components.
The Deal
Following The Gores Group’s carveout of TurbineAero from Triumph Aviation Services in 2017, the company significantly boosted its capacity and capabilities, expanding its target market into the Asia-Pacific regions to drive substantial revenue growth. The acquisition of TurbineAero by Snow Peak Capital positions the company to achieve future market expansion goals and solidify a robust next chapter for the business.
Our Perspective
Francis Tran, Lincoln International Managing Director who led the transaction, commented, “TurbineAero is a truly differentiated MRO provider and strategic partner for aircraft operators in the commercial aerospace and defense markets. The company’s capabilities, global reach and position as an independent MRO provider set it apart from its competitors. TurbineAero’s long-standing executive management team is well suited to partner with Snow Peak on the next phase of growth.”
Snow Peak Capital
Snow Peak is a Broomfield, Colorado-based private equity (PE) firm that invests in middle-market businesses across the industrial, technology and business services sectors. Snow Peak’s founders have more than 50 years of combined mergers and acquisitions and operating experience, having led or been involved in more than 60 PE transactions during their careers. Snow Peak seeks acquisition opportunities in which it can bring lasting improvements to its partner firms, either directly or through its network of operating relationships. For more information, please visit www.snowpeakcapital.com.
The Gores Group
Gores is a PE firm deploying capital in global businesses across industrial, healthcare, technology, services and consumer sectors. The firm is focused on partnering with differentiated businesses that can benefit from its extensive industry knowledge and decades-long experience. Gores was founded in 1987 and is headquartered in Beverly Hills, California.
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