Business
Next Level Aviation® Completes Recap of Turning Rock Partners
Next Level Aviation® (NLA), a leader in the global distribution of used serviceable materials (USM) for all Boeing and Airbus commercial aircraft and associated jet engine platforms, has fully redeemed Turning Rock Partners' (TRP) 2019 preferred equity investment. NLA completed the full redemption of TRP's stake, ahead of schedule, in mid- June 2025.
About this update from Airbus Se
[{"type":"text","content":"NLA completed the full redemption of Turning Rock's preferred equity investment ahead of schedule","length":146,"tagName":"p","attribs":{}},{"type":"text","content":"DANIA BEACH, Fla., Aug. 5, 2025 /CNW/ -- Next Level Aviation® (NLA), a leader in the global distribution of used serviceable materials (USM) for all Boeing and Airbus commercial aircraft and associated jet engine platforms, has fully redeemed Turning Rock Partners' (TRP) 2019 preferred equity investment. NLA completed the full redemption of TRP's stake, ahead of schedule, in mid- June 2025.","length":456,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Next Level Aviation)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Next Level Aviation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/cnwgroup.com/72bf21b1877de397ae220ae683063e60"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/XaYp5a7RZ0RDzD.IArzF3g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/72bf21b1877de397ae220ae683063e60","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2367849/Next_Level_Aviation_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Next Level Aviation® Chairman & CEO Jack Gordon stated, "We are extremely pleased to complete the full redemption of Turning Rock Partners. We again want to thank the TRP team for their financial and operational support during the investment period. We wish the entire TRP team the best, personally and with their portfolio investments, going forward."","length":391,"tagName":"p"},{"type":"text","content":"Mr. Gordon continued, "We would also like to thank the PNC Business Credit team again for providing the asset-based lending flexibility needed to complete this management led recap. Now that the recap is complete, 100% ownership of Next Level Aviation® reverts to its founders. Management is in the process of evaluating the equity needs of the business going forward before choosing a new financial partner to assist us in taking the business to the next level."","lengt...