Snow Peak Capital, LLC, a private equity firm specialising in middle-market investments, has acquired TurbineAero, Inc., the independent provider of MRO services for aircraft auxiliary power units (APUs) and other aero engine components. The acquisition was made from The Gores Group, a global investment firm, though specific financial details were not disclosed.
TurbineAero, founded in 1977, offers a comprehensive range of APU-related services, including repair, sales, leasing, testing, and certification of APUs and associated components. The company also undertakes specialised coatings for both new and refurbished aero engine components and aerospace applications, enhancing the durability and performance of critical engine parts. TurbineAero operates four facilities near Phoenix, Arizona and has recently expanded with a modern facility in Bangkok, Thailand, further strengthening its international footprint and operational capacity.
Steve Yager, managing partner of Snow Peak Capital, highlighted TurbineAero’s longstanding role within the aerospace sector, noting the company’s established relationships with significant clients in commercial and military aerospace markets worldwide. Snow Peak aims to leverage TurbineAero’s reputation and industry relationships to further its influence and service reach within these markets.
Snow Peak partner Anthony Chirikos expressed confidence in TurbineAero’s management team, emphasising the trust built during their collaboration. Chirikos anticipates that TurbineAero’s business will continue to grow, enabling the company to address evolving customer needs more effectively.
