Gallant Capital Partners has made an investment in Aero Turbine, a provider of aerospace maintenance, repair and overhaul services.
Aero’s services include turbine engine and accessory overhaul, and repair and testing across a range of commercial and military platforms. The company’s customers include the US Navy and Army, along with the military forces of more than 20 other nations, as wells as commercial aircraft operators. Aero Turbine was founded in 1978 and is headquartered east of San Francisco in Stockton, CA (www.aeroturbine.aero).
Aero Turbine is led by Founder and President Doug Clayton and Senior Vice President Dave Mattson. Both have invested alongside Gallant Capital on this transaction. “Gallant is an ideal partner for Aero Turbine as we enter into the next chapter in our history,” said Mr. Clayton. “As a family-owned and operated business for over 40 years, it was important for us to identify a partner who shares our values and recognizes the importance of our customer first focus.”
“Doug and Dave bring decades of industry experience and have built an incredible business based on providing unmatched levels of service, flexibility and technical capabilities,” said Jon Gimbel, a partner at Gallant. “We are committed to supporting Aero Turbine with our operational resources and our flexible capital base to drive long-term growth, both organically and through strategic acquisitions.”
Gallant Capital makes control investments in lower middle market companies in the technology, industrials and business services sectors that have from $5 million to $25 million of EBITDA. The firm was founded in January 2018 by Jon Gimbel and Anthony Guagliano, both formerly with The Gores Group, and is headquartered in Los Angeles (www.gallantcapital.com)
“Our investment will allow Aero Turbine to continue to build new capabilities to pursue additional engine and aircraft component opportunities across military and commercial platforms,” said Mr. Guagliano. “Aero Turbine is a cornerstone investment for Gallant as we look to build a comprehensive aerospace platform.”
“Gallant’s operational capabilities, coupled with their track record of partnering with founders to accelerate growth and drive value makes them an ideal partner for us,” said Mr. Mattson. “We look forward to working with the Gallant team to continue to build a world-class organization.”
© 2019 Private Equity Professional | January 11, 2019