We are grateful to the team at has transformed TRS (led by Rick Richardson) to a high growth leader providing turbine repair solutions; to Alantra and our other advisors for assisting the navigation of a successful exit, and to our deal and operating partners including John Kirk and John "JB" Beyer, and a list of other folks who have contributed heavily to the successful conclusion of our TRS Services and TRS Global investments. Congrats and best of luck also to Battle Investment Group, ya'll got a good one! Onward!!!
Alantra is pleased to announce it has advised New Hampshire-based private equity firm Tuckerman Capital on the sale of TRS Services, LLC, a provider of maintenance, repair and overhaul services of component parts for industrial gas turbine engines, to Battle Investment Group, an Atlanta-based private equity firm focused on the defense, government, aerospace, telecommunications, and critical infrastructure sectors. The acquisition aligns with Battle Group’s focus on supporting the long-term expansion and success of enterprises and management teams operating in the North American defense, government, aerospace, telecommunications, and critical infrastructure sectors. Nick Russell, Managing Partner at Tuckerman Capital, said: “Alantra has deep expertise in the gas turbine space and we are grateful for their advice and partnership as we have worked to build enterprise value across multiple turbine repair investments that have spanned the powergen and A&D markets. We believe Alantra has found the optimal next owner to support TRS Services’ continued growth.” David Waldstein, Managing Director at Alantra, added: “It was a privilege to work with the Tuckerman and TRS team to find the right home for this unique, strong-performing company in the turbine component repair space. TRS is well-positioned to continue its impressive growth trajectory.” Wade Aust, CFA, Managing Partner and Chairman US at Alantra, said: “We are delighted to have advised Tuckerman on the sale of TRS to Battle Group. We have been advising on the TRS platform for a number of years, so we have had the opportunity to see the business building upon its unique capabilities and accelerating its growth.” Read more: https://lnkd.in/gWDmgHYF #aerospace #telecommunications #criticalinfrastructure