Next Level Aviation® Completes Full Redemption of Turning Rock Partners Investment Early

Next Level Aviation® (NLA), a prominent name in the global distribution of used serviceable materials (USM) for commercial aircraft, has announced the early completion of its redemption of the preferred equity investment from Turning Rock Partners (TRP). Founded in March 2013 by industry veterans Jack Gordon, Mike Dreyer, and Matt Dreyer, NLA specializes in the storage and distribution of USM for Boeing and Airbus aircraft, focusing primarily on the Boeing 737 and Airbus A320 families, which constitute a significant portion of the world’s commercial fleet.

On August 5, 2025, NLA revealed that it successfully repaid its investment in TRP, originally established in 2019, well ahead of the anticipated timeline, completing the transaction in mid-June 2025. Jack Gordon, the President and CEO of NLA, expressed his satisfaction with the outcome, stating, “We are thrilled to complete the total redemption of Turning Rock Partners. We want to again thank the TRP team for their financial and operational support during the investment period. We wish the entire TRP team the best, both personally and with their future investments.”

With this redemption, Next Level Aviation has reverted to full ownership by its founders. Gordon also expressed gratitude to PNC’s Commercial Credit team for providing the necessary asset-based loan flexibility, which facilitated this management-led refinancing. As NLA moves beyond this redemption, the management team is actively evaluating the company's future capital needs. It aims to select a new financial partner that will support the next phase of its growth.

As a certified provider by ASA-100 and compliant with FAA Advisory Circular 00-56B, Next Level Aviation plays a critical role in ensuring that the aerospace industry can access reliable materials required for aircraft maintenance and operation. The company’s focused approach on USM has made it a key player in the market, catering to the operational needs of Boeing and Airbus aircraft across the globe.

Turning Rock Partners, on the other hand, is known for its focus on debt, equity, and hybrid investments in undercapitalized or underserved lower-middle-market companies in North America. TRP aims to structure tailored financing solutions for companies across various sectors. Their partnership with Next Level Aviation signifies a mutual alignment of interests toward supporting business growth and operational efficiency in the aviation sector.

Looking ahead, the successful redemption of TRP marks not just a financial achievement for Next Level Aviation but also sets the stage for strategic growth dynamics in a rapidly evolving industry. As NLA explores its next steps, it will be crucial for the company to leverage its leadership in USM while scouting for opportunities that align with its expansion goals and sustainability objectives. The aviation industry continues to evolve, and Next Level Aviation is poised to play a pivotal role in shaping its future.

For more information about Next Level Aviation, visit their website at www.nextlevelaviation.net. For more inquiries about Turning Rock Partners, interested parties can reach out via email at [email protected].

Conclusion

The aerospace market is poised for growth, and with Next Level Aviation's strategic moves, the company is set to enhance its operations, ensuring it continues to meet the aviation industry's demands effectively. The collaboration and subsequent redemption with Turning Rock Partners showcase the strong partnerships necessary to succeed in this competitive environment.