M&A Deal Summary

Snow Peak Capital Acquires TurbineAero

On October 24, 2024, private equity firm Snow Peak Capital acquired aerospace company TurbineAero from The Gores Group

Acquisition Highlights
  • This is Snow Peak Capital’s 1st transaction in the Aerospace sector.
  • This is Snow Peak Capital’s 4th transaction in the United States.
  • This is Snow Peak Capital’s 1st transaction in Arizona.

M&A Deal Summary

Date 2024-10-24
Target TurbineAero
Sector Aerospace
Buyer(s) Snow Peak Capital
Sellers(s) The Gores Group
Deal Type Secondary Buyout

Target

TurbineAero

Chandler, Arizona, United States
TurbineAero is a manufacturer of industrial parts and components. The company specializes in the design and production of aerospace and hot-section components. It also offers maintenance, repair and overhaul services to military, commercial, original equipment manufacturers and aircraft operators. TurbineAero was founded in 1977 and is based in Chandler, Arizona.

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Buyer(S) 1

DESCRIPTION

Snow Peak Capital is an operationally-focused private equity firm that looks to invest in lower middle-market industrial, technology, business services, media, and communications companies across North America. The Firm prefers control positions and seeks profitable companies with up to $30 million of EBITDA. Prospective transaction situations include buyout of family-owned companies, corporate divestitures, growth capital financings, and special situations. Snow Peak Capital was formed in 2019 and is headquartered in Broomfield, Colorado.


DEAL STATS #
Overall 4 of 4
Sector (Aerospace) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Arizona) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-19 Dalco Nonwovens

Conover, North Carolina, United States

Dalco Nonwovens manufactures specialty light- and heavyweight nonwoven fabrics for a diverse customer base in the automotive, geotextile, furniture and bedding, and industrial markets. Dalco Nonwovens was founded in 2003 and is based in Conover, North Carolina.

Buy -

Seller(S) 1

SELLER

The Gores Group

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION
The Gores Group's headquarters in Beverly Hills, California.
The Gores Group's headquarters in Beverly Hills, California.

The Gores Group is a private equity firm focused on acquiring controlling interests in mature and growing businesses. Gores considers investments across Europe and North America and typically seeks non-core assets of public corporations. While Gores is a generalist investor, the firm has a particular interest in technology, telecommunications, business services, and industrial companies. The Gores Group was formed in 1987 and has offices in Beverly Hills, California, and Boulder, Colorado.


DEAL STATS #
Overall 66 of 66
Sector (Aerospace) 1 of 1
Type (Secondary Buyout) 15 of 15
State (Arizona) 2 of 2
Country (United States) 52 of 52
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-25 US Farathane

Auburn Hills, Michigan, United States

US Farathane is a manufacturer and supplier of functional black plastic, interior, and exterior plastic components intended to innovate and pair with solid value. The company's manufacturing division designs highly engineered plastic injection-molded components in a variety of sizes and shapes and supply both functional and decorative parts to companies in the Automotive industry. US Farathane was founded in 1971 and is based in Auburn Hills, Michigan.

Sell -