M&A Deal Summary

Iron Range Capital Partners Acquires Aircraft Propeller Service

On July 1, 2013, private equity firm Iron Range Capital Partners acquired aerospace company Aircraft Propeller Service

Acquisition Highlights
  • This is Iron Range Capital Partners’ 1st transaction in the Aerospace sector.
  • This is Iron Range Capital Partners’ 1st transaction in the United States.
  • This is Iron Range Capital Partners’ 1st transaction in Illinois.

M&A Deal Summary
Date 2013-07-01
Target Aircraft Propeller Service
Sector Aerospace
Buyer(s) Iron Range Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Stevenson & Co. (Financial)

Target

Aircraft Propeller Service

Lake Zurich, Illinois, United States
Aircraft Propeller Service is a provider of aircraft propeller system maintenance, repair and overhaul (“MRO”) services to the regional, commercial, military, and aviation markets. Aircraft Propeller Service's primary services include MRO of aircraft propeller systems, selling of new and reconditioned OEM propeller system parts, light part manufacturing, and customer training services. Aircraft Propeller Service was founded in 1953 and is based in Lake Zurich, Illinois.

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Buyer(S) 1

Buyer

Iron Range Capital Partners

Investor

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Iron Range Capital Partners is a private equity firm focused on US-based, lower middle-market, profitable company investments. The Firm prefers change of control situations including corporate divestitures, ownership transitions, and recapitalizations. Sectors of interest include niche manufacturing, business services, and value-added distribution. Iron Range will not invest in financial institutions, start-ups, real estate companies, or restaurants. Iron Range Capital Partners was formed in 2013 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 4
Sector (Aerospace) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 4
State (Illinois) 1 of 3
Country (United States) 1 of 4
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 Switch Rail Safety Systems

Bensenville, Illinois, United States

Switch Rail Safety Systems LLC designs, sells, and rents highly engineered fall protection systems for application in construction sites, etc. Switch Rail Safety Systems manufactures products and solutions to ensure worker safety while exceeding OSHA compliance guidelines for job site safety. Switch Rail Safety Systems is based in Bensenville, Illinois.

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