Stockton, CA - Aero Turbine, Inc. ("Aero Turbine" or the "Company") has been recapitalized by Gallant Capital Partners, LLC. Legacy FocalPoint Partners, LLC, now B. Riley Secutities ("B. Riley"), served as exclusive investment banker to the Company. Financial terms of the transaction were not disclosed.
Founded in 1978 and headquartered in Stockton, California, Aero Turbine is a leading maintenance, repair, and overhaul ("MRO") services provider focused primarily on legacy engines serving military aircraft platforms. The Company provides mission critical services to the U.S. as well as foreign militaries and other commercial customers around the world. Aero Turbine has a particular expertise in aircraft engines that support the United States Air Force's trainer program, including the Northrop T-38 Talon aircraft, which has been the primary advanced combat trainer for more than 50 years. For more information on Aero Turbine, please visit www.aeroturbine.aero.
"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," said Aero Turbine Founder and President Doug Clayton. "[B. Riley] was instrumental in helping us achieve that goal as well as expertly guiding us through the complexities and various stages of the transaction process." Dave Mattson, Senior Vice President, added, "Gallant's operational capabilities and access to complementary resources makes them an ideal partner for us. We look forward to working with them to continue to build a world class organization."
Michael Del Pero, Managing Director with B. Riley's Aerospace & Defense ("A&D") and Industrials practice commented, "We are thrilled to announce another successful transaction in the A&D segment, an important area of strategic focus for us. Doug and Dave have created a truly unique and differentiated business that is vital to maintaining the operational readiness and tactical superiority of our nation's various Armed Forces. We are proud to have represented them during this process."
Jon Gimbel, Partner at Gallant, said, "The Aero Turbine team brings decades of industry experience and has built an incredible business based on providing unmatched levels of service, flexibility, and technical capabilities. 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."
About Gallant Capital Partners, LLC
Gallant Capital is a private equity firm that makes control investments in technology, industrial, and business services companies. Gallant is headquartered in Los Angeles and seeks to focus on partnering with closely-held companies that can benefit from its extensive industry relationships and operating expertise. For more information please visit: www.gallantcapital.com.
B. Riley Securities is a leading investment bank that provides a full suite of investment banking, corporate finance, advisory, research, and sales and trading services. Investment banking services include initial, secondary, and follow-on offerings, institutional private placements, merger and acquisition (M&A) advisory, SPACs, corporate restructuring, and recapitalization. The firm is nationally recognized and highly ranked for its proprietary small-cap equity research. B. Riley Securities is a wholly owned subsidiary of B. Riley Financial. For more information, visit brileysecurities.com.
Please contact Michael Del Pero, Managing Director, at 310-405-7005 with any questions about this transaction.