Atlantic Jet Partners Acquires Great Lakes Turbines

JLL Partners Acquires PowerParts Group to Build Power Turbine Aftermarket Components Platform

January 27, 2026

Industrial Services

JLL Partners acquired PowerParts Group, a provider of mission-critical aftermarket replacement parts and field services for gas- and steam-turbine power plants. The investment will serve as the foundation for an engineering-centric power generation components platform, with plans to expand capacity and capabilities through organic initiatives and strategic acquisitions.

StandardAero Acquires Aero Turbine Inc.

August 26, 2024

Aerospace & Defense

StandardAero has acquired Aero Turbine, Inc., a Stockton, California-based provider of military engine and accessories MRO services, from Gallant Capital Partners. The acquisition strengthens StandardAero's military engine and component repair capabilities and adds a fully integrated 60,000+ sq. ft. Stockton facility and nearly 200 technicians to its network.

Atlantic Jet Partners Acquires Aerodyne Corp.

June 13, 2024

Aerospace & Defense

Atlantic Jet Partners has acquired Aerodyne Corp., a Stuart, Florida-based specialist in private jet turbine engine repair and maintenance. The deal expands Atlantic Jet Partners' aircraft engine maintenance and MRO capabilities to support its integrated aviation services offering.

STAR Turbine Acquires Thor Precision

March 20, 2024

Manufacturing

STAR Turbine, a Mangrove Equity Partners-backed specialty turbine parts manufacturer, has acquired Thor Precision, a Greenville, South Carolina-based precision manufacturer of aftermarket gas turbine parts. Thor founders remain equity owners (Andy Pelinsky promoted to President), and the deal is part of Mangrove's strategy to build a family of aftermarket turbine parts manufacturers.

Alpine Air Express Acquires Substantially All Assets of Great Lakes Airlines

April 8, 2020

Transportation

Alpine Air Express, a Provo-based regional air-cargo operator and portfolio company of AE Industrial Partners, acquired 27 aircraft and associated engines, propellers, spare parts and ground support equipment from Great Lakes Airlines. The purchase expands Alpine’s fleet, maintenance support and spare-parts availability and will allow conversion of the Beech 1900D aircraft into cargo configuration using Alpine’s supplemental type certificate (STC). Terms of the transaction were not disclosed.

Gallant Capital Partners Invests in Aero Turbine, Inc.

January 9, 2019

Aerospace & Defense

Gallant Capital Partners, a Los Angeles-based private equity firm, completed an investment in Aero Turbine, a Stockton, California-based aerospace maintenance, repair and overhaul (MRO) services provider. The transaction will support Aero Turbine's expansion of engine and aircraft component capabilities and serve as a cornerstone investment as Gallant seeks to build a broader aerospace platform while Aero Turbine's founder, Doug Clayton, remains in leadership.