Antares Capital served as administrative agent and sole lead arranger on a $73.5 million senior secured credit facility to support the recapitalization and growth initiatives of TurbineAero by The Gores Group.
Headquartered in Chandler, AZ, TurbineAero is an independent aerospace component maintenance, repair and overhaul (MRO) service provider focused on auxiliary power units (APUs) and related products.
The proceeds of the facility will be used to acquire additional APU repair and manufacturing capabilities, as well as accelerate TurbineAero’s MRO capacity and overall global footprint.
“In leading this transaction, Antares was flexible and delivered the capital we sought to further invest in and drive growth for TurbineAero,” said Ed Johnson, senior managing director with The Gores Group. “We’ve been working closely with TurbineAero on strategies for both organic and inorganic growth, and we look forward to executing on those plans.”
The Gores Group, founded in 1987 by Alec Gores and headquartered in Los Angeles, is a global investment firm focused on acquiring controlling interests in mature and growing businesses.
