Investment Summary

The Edgewater Funds Invests In Turbine Engine Specialists

On October 1, 2023, private equity firm The Edgewater Funds invested in aerospace company Turbine Engine Specialists

Investment Highlights
  • This is The Edgewater Funds’ 3rd transaction in the Aerospace sector.
  • This is The Edgewater Funds’ 50th transaction in the United States.
  • This is The Edgewater Funds’ 8th transaction in Texas.

Investment Summary
Date 2023-10-01
Target Turbine Engine Specialists
Sector Aerospace
Investor(s) The Edgewater Funds
Deal Type Growth Capital

Target

Turbine Engine Specialists

Fort Worth, Texas, United States
Turbine Engine Specialists is an aftermarket solutions provider of inventory-supported maintenance, repair, overhaul, rental, and distribution services to the global private aviation market. TES was founded in 2001 and is based in Fort Worth, Texas.

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Investor(S) 1

Investor

The Edgewater Funds

Chicago, Illinois, United States
Category Private Equity Firm
Founded 1991
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.

DEAL STATS #
Overall 52 of 54
Sector (Aerospace) 3 of 3
Type (Growth Capital) 8 of 9
State (Texas) 8 of 8
Country (United States) 50 of 52
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 Dura Products

Arcadia, Indiana, United States

Dura Products is a manufacturer and distributor of fluid transfer, metering, and systems providing solutions primarily for the agriculture industry. Dura Products is based in Arcadia, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-07 Unitech Composites

Hayden, Idaho, United States

Unitech Composites designs develop and manufacture high-performance parts and assemblies for the aerospace and defense industries. Unitech Composites specializes in composite and metal parts for all segments of the aircraft industry, including new production and aftermarket service for both commercial and defense aircraft. Unitech Composites was founded in 1980 and is based in Hayden, Idaho.

Sell -
Mergr

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