Palm Beach Capital announces sale of CTS Engines

Palm Beach Capital, through one of its investment entities, announced the sale of CTS Engines, jointly owned by Palm Beach Capital and CEO Brian Neff, to Platte River Equity, and management, including Mr. Neff. CTS is headquartered in Fort Lauderdale, Florida with testing operations in Jupiter, Florida. The Company provides a full spectrum of maintenance, repair and overhaul (MRO) services for established engine platforms, and performs developmental testing on next generation engines. The Company serves leading cargo, passenger, military and OEM customers. CTS has grown to be a world leader in mature jet engine maintenance and operates one of the largest independent engine test stand.