Next Level Aviation Successfully Completes Recap of Turning Rock Partners Ahead of Schedule

Next Level Aviation® Completes Recap of Turning Rock Partners

Next Level Aviation® (NLA), known for its leadership in the global distribution of used serviceable materials (USM) for Boeing and Airbus commercial aircraft, has announced the full redemption of Turning Rock Partners' (TRP) preferred equity investment. This strategic move was completed ahead of schedule in mid-June 2025, marking a significant milestone for the company.

Remarkable Progress in Financial Management

Jack Gordon, Chairman and CEO of NLA, expressed his satisfaction regarding this accomplishment, emphasizing the integral role that Turning Rock Partners played during their partnership. He stated, "We are extremely pleased to complete the full redemption of Turning Rock Partners. We once again want to 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."

The successful recapitalization means that control of NLA has reverted entirely back to its founders. This provides the management team the opportunity to reassess the company’s future equity needs and consider new financial partners who can assist in propelling the business to new heights. Gordon also acknowledged the role of PNC Business Credit, thanking them for their flexibility with asset-based lending during this management-led recapitalization.

NLA's Market Impact and Future Plans

Next Level Aviation has been a prominent player in the aerospace materials sector since its inception in March 2013, founded by industry veterans Jack Gordon, Mike Dreyer, and Matt Dreyer. The company has rapidly progressed to become a leading supplier of crucial commercial aircraft components, particularly focusing on the Boeing 737 and Airbus A320 aircraft families. These aircraft account for approximately 65% of the total global commercial fleet, underlining NLA's substantial impact on the market.

While discussing future initiatives, the NLA management team is actively evaluating potential equity requirements to strengthen their operational capacity and expand their market reach. This strategic evaluation is crucial as they gear up for future collaborations with potential partners.

About Next Level Aviation®

NLA is recognized for its comprehensive operational frameworks, backed by ASA-100 accreditation and adherence to FAA Advisory Circular 00-56B regulations. The company's dedication to providing quality serviceable materials for commercial aviation underlines its commitment to excellence and customer satisfaction. For more details about their services and products, visit their website at nextlevelaviation.net.

About Turning Rock Partners

Turning Rock Partners focuses on providing capital to lower-middle-market companies in North America, positioning itself as a vital resource for businesses looking for innovative financing solutions. By structuring tailored investments, TRP supports companies across various sectors, helping them grow in competitive markets.

For additional information about Turning Rock Partners and its investment strategies, you can visit their site at turningrockpartners.com. Interested parties can direct inquiries regarding investor relations to their special email at [email protected].