CTS Engines

CTS Engines is a leading provider of full spectrum maintenance, repair and overhaul (MRO) services for established engine platforms and performs developmental testing on next generation engines utilizing the highest thrust commercial test facility in the world.

a portfolio company of

has been acquired by

Aerospace Services

Situation

CTS retained BlackArch as their sole financial advisor in completing a sale of the business.

BlackArch’s Customized Solution

BlackArch ran a competitive marketing process, which included strategic acquirors most active in the commercial aerospace sector, as well as financial sponsors possessing the expertise and operating experience necessary to acquire a world-class service provider such as CTS. BlackArch tailored its diligence and marketing efforts around the distinct capabilities and objectives of the company’s owners to ensure that the business attracted the right acquiror that would be most likely to continue the company’s impressive growth and unrivaled client service.

Outcome

CTS was acquired by Platte River Equity, a private equity firm whose sector focus includes aerospace and who invests in lower middle market operating companies with enterprise values generally between $20 million and $250 million.

Industries:

Aerospace & Defense

Location:

Fort Lauderdale, FL

Transaction type:

Sellside Advisory