Next Level Aviation Completes Acquisition from Turning Rock Partners Ahead of Schedule

Next Level Aviation's Strategic Move

Next Level Aviation® (NLA), a prominent figure in the global distribution of used serviceable materials (USM) for Boeing and Airbus aircraft, has just announced the completions of its acquisition of Turning Rock Partners (TRP) stock investments made in 2019. This development marks a significant achievement, as the repurchase was executed ahead of the initially projected timeline, concluding in mid-June 2025.

Jack Gordon, CEO of NLA, expressed his enthusiasm regarding this full acquisition, stating, "We are extremely pleased to have completed the buyout of Turning Rock Partners. We’d like to extend our gratitude to the TRP team for their financial and operational support throughout our investment period. We wish the entire TRP team the best in their personal endeavors and portfolio investments."

He also acknowledged the essential role PNC Business Credit played by offering the necessary asset-based lending flexibility that allowed for this management-led recapitalization.

With this recapitalization now complete, ownership of Next Level Aviation® fully reverts to its founders. The management team is currently assessing the company's equity needs for future growth before identifying a new financial partner to catapult the business forward.

About Next Level Aviation

Founded in March 2013 by Jack Gordon, Mike Dreyer, and Matt Dreyer, Next Level Aviation® is an ASA-100 accredited supplier, adhering to FAA Advisory Circular 00-56B. The company specializes in managing used materials for all Boeing and Airbus planes, particularly focusing on the 737 and A320 families alongside their respective jet engines. Remarkably, these aircraft families currently comprise approximately 65% of the global commercial fleet, highlighting the company's pivotal role in the aviation sector.

Next Level Aviation® has quickly ascended to becoming one of the leading global providers of maintenance materials, thereby establishing itself as a vital contributor to the aerospace industry.
More information can be found at Next Level Aviation.

About Turning Rock Partners

Turning Rock Partners (TRP) targets lower middle-market companies in North America, focusing on structured debt, equity, and hybrid investments for undercapitalized businesses. Their approach involves crafting tailor-made financing solutions that cater to the unique needs of these companies within the private market landscape. To learn more about Turning Rock Partners, visit Turning Rock Partners.

This acquisition underscores Next Level Aviation's commitment to expanding its influence within the aerospace industry while simultaneously strengthening its capital base for future innovation and growth.