STAR Turbine Acquires Thor Precision
March 20, 2024
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.
- Buyers
- STAR Turbine, Inc., Mangrove Equity Partners
- Targets
- Thor Precision, LLC
- Platforms
- STAR Turbine, Inc.
- Industry
- Manufacturing
- Location
- South Carolina, United States
- Transaction Type
- Addon
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