Thornburg Bow River Advisers (TBRA), a provider of flexible capital solutions to lower and middle market companies, is pleased to announce that its Private Credit Team has provided funds to support Coltala Holdings’ acquisition of AeroParts Group (“APG”) and the formation of Coltala Aerospace.
APG is a Mansfield, Texas-based provider of aircraft maintenance, repair and overhaul (MRO) services, primarily including component structural and composite repairs, as well as engineering, compliance consulting and precision machining services for commercial, business and military customers. APG includes three industry-leading businesses: Evans Composites; ACD Consulting; and AeroParts Machining. It is led by CEO, Dale Gable, as well as Founder and COO, Ricky Armstrong, who achieved a record-breaking 60% growth last year.
Aaron Arnett, Head of the Private Credit Team of Thornburg Bow River Advisers, commented “The APG team has laid the groundwork for an extraordinary platform, providing meaningful contributions to the aerospace and defense industries. We are excited to support their next phase of growth alongside Coltala Holdings.”
Through its acquisition of AeroParts Group, Coltala Holdings has established Coltala Aerospace, which furthers Coltala Holdings’ mission to strengthen critical infrastructure through their essential service companies. Coltala Holdings recognizes North Texas and the Dallas-Fort Worth area as a vital hub for defense and aerospace. By investing in Coltala Aerospace, Thornburg Bow River Advisers and Coltala Holdings are fostering innovation and growth in the region, reinforcing DFW’s legacy as a cornerstone of American aviation and defense.
“In an era where national security and supply chain reliability are more critical than ever, Coltala Aerospace rises to meet these challenges,” said Edward Crawford, Navy and Afghan Veteran, Co-Founder and Co-CEO of Coltala Holdings. “We are building a platform that supports the aviation and defense industries while creating opportunities for veterans and strengthening America’s position in the global market.”
