Next Level Aviation Concludes Recapitalization with Turning Rock Partners

Next Level Aviation®: A Significant Milestone in Recapitalization

Next Level Aviation® (NLA), headquartered in Dania Beach, Florida, has announced the successful completion of the recapitalization related to its prior investment from Turning Rock Partners (TRP). Established in 2013, NLA has carved a niche as a leader in the global distribution of used serviceable materials (USM) specifically for Boeing and Airbus commercial aircraft. The completion of this recapitalization signals a growing independence for NLA, as it has fully repaid the preferred equity investment made by TRP back in 2019.

The official declaration was made by NLA’s Chairman and CEO, Jack Gordon, on August 5, 2025. Gordon expressed his enthusiasm about wrapping up the investment recap, stating, "We are very pleased to conclude the full buyout of Turning Rock Partners. We would like to extend our gratitude to the TRP team for their financial and operational support during the investment period. We wish everyone at TRP all the best for the future, both personally and in relation to their portfolio investments."

The completion of this recapitalization not only marks an important milestone for NLA but also demonstrates the company’s commitment to maintaining flexibility and independence in its operations. Gordon acknowledged the critical role played by PNC Business Credit Team, who provided the necessary lending flexibility, enabling NLA to complete this management-led recapitalization.

NLA’s management is now assessing the company's equity needs as they prepare to select a new financial partner to help elevate the business to the next stage of its growth. In addition to being a major player in the aviation materials sector, NLA emphasizes the importance of having the right financial backing to enhance its operational capabilities.

About Next Level Aviation®

Next Level Aviation is an ASA-100 accredited supplier that adheres to FAA Advisory Circular 00-56B compliance, specifically focusing on storing used serviceable materials (USM) for all Boeing and Airbus aircraft platforms, along with their associated engines. Notably, NLA specializes in stocking USM for the Boeing 737 and Airbus A320 families, which collectively constitute approximately 65% of the global commercial fleet. Over the years, NLA has solidified its position as one of the leading global suppliers of used airliner and engine materials.

About Turning Rock Partners

Turning Rock Partners (TRP) is an investment firm focused on providing customized financing solutions for underserved or capital-challenged lower-middle-market companies across North America. They specialize in structuring debt, equity, and hybrid investments tailored to meet the unique requirements of each enterprise. More information can be found on their website: Turning Rock Partners.

In the ever-evolving landscape of aviation and materials sourcing, the successful recapitalization of Next Level Aviation marks a noteworthy development, highlighting the company's robust operational strategy and forward-looking vision for sustained growth and financial independence.