On Wednesday January 8, 2020,Turning Rock Partners, a private investment firm based in New York, U.S., announced the closing of a US$15 million preferred equity investment in Next Level Aviation, based in Sunrise, Florida. Turning Rock’s investment in Next Level Aviation closed in December 2019 with the potential for follow-on investments, as the company continues its expansion.
Next Level Aviation is an ASA-100 accredited and FAA Advisory Circular 00-56B-compliant supplier stocking commercial aircraft/jet engine used serviceable material (USM) for all Boeing and Airbus aircraft platforms and associated jet engines. Next Level specifically focuses on stocking spare parts for the Boeing 737 and Airbus A320 families of aircraft and associated jet engines, which currently make up about 70% of the global commercial fleet.
Founded in March 2013 by Jack Gordon, Mike Dreyer and Matt Dreyer, Next Level Aviation employs 14 people and has grown into a leading global supplier of commercial aircraft/jet engine used serviceable material, generating approximately US$30 million in annual revenues in 2019.
