Next Level Aviation Successfully Completes Redemption of Turning Rock Partners Investment

In a significant development for the aviation industry, Next Level Aviation® (NLA) has announced the successful completion of the full redemption of Turning Rock Partners' (TRP) preferred equity investment. This operation, finalized ahead of the expected timetable, illustrates NLA's growing strength in the global supply of used serviceable materials (USM) for Boeing and Airbus commercial aircraft.

NLA, a leader in its field, specializes in the distribution of used serviceable materials suited for all Boeing and Airbus commercial aircraft, as well as their associated jet engine platforms. The complete redemption of TRP's investment, which was initiated in 2019, was accomplished by mid-June 2025. This marks a pivotal turnaround for NLA, which now reverts to full ownership by its founding members.

CEO Statement

Jack Gordon, Chairman and CEO of NLA, expressed enthusiasm about the successful closure of this financial chapter. He stated, “We are extremely pleased to complete the full redemption of Turning Rock Partners. We want to thank the TRP team for their financial and operational support during the investment period. We wish them all the best in their future endeavors.” His remarks underscore the importance of partnership and support in driving business growth and innovation.

This management-led recapitalization indicates NLA’s commitment to reinforcing its financial structure. Gordon elaborated further, noting the crucial role played by the PNC Business Credit team in facilitating the asset-based lending necessary for the transition. With the recapitalization now behind them, NLA is positioned to evaluate its future equity needs. The management team is currently in discussions about potential partners that can help propel the business forward into its next growth phase.

Company Background

Founded in March 2013 by a team comprising Jack Gordon, Mike Dreyer, and Matt Dreyer, Next Level Aviation has grown into a distinguished global supplier of used serviceable material for commercial aircraft and jet engines. They hold an ASA-100 accreditation and comply with the FAA Advisory Circular 00-56B, reinforcing their credibility in the market. A special focus of NLA is on materials related to the Boeing 737 and Airbus A320 families, which currently account for about 65% of the global commercial fleet.

NLA has established itself as a critical player in supplying the aerospace industry, aiding airlines and operators worldwide in maintaining and operating their fleets efficiently. The company’s dedication to quality and service ensures that they remain an industry leader in providing necessary parts and materials required for commercial aviation. Their proactive approach to addressing the needs of their clients has garnered them respect and recognition across the sector.

About Turning Rock Partners

Turning Rock Partners, on the other hand, has made a name for itself by focusing on underserved or capital-constrained lower-middle market businesses in North America. They specialize in structuring customized financing solutions, enhancing the growth potential of companies within the private market landscape. More information about their services can be accessed on the Turning Rock Partners website.

In conclusion, the complete redemption of Turning Rock Partners' investment is a milestone event for Next Level Aviation, signaling a renewed commitment to growth and ownership. As the aviation sector continues to evolve, companies like NLA are quintessential in ensuring reliability and innovation while meeting the demands of an ever-growing global market.