{"id":29501,"date":"2025-08-05T20:01:52","date_gmt":"2025-08-05T20:01:52","guid":{"rendered":"https:\/\/www.hotelsalepage.com\/feed\/cision-pr-newswire\/next-level-aviation-completes-recap-of-turning-rock-partners\/"},"modified":"2025-08-05T20:01:52","modified_gmt":"2025-08-05T20:01:52","slug":"next-level-aviation-completes-recap-of-turning-rock-partners","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=29501","title":{"rendered":"Next Level Aviation\u00ae Completes Recap of Turning Rock Partners"},"content":{"rendered":"\n\n\n
\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

NLA\u00a0completed\u00a0the\u00a0full\u00a0redemption\u00a0of\u00a0Turning\u00a0Rock’s\u00a0preferred\u00a0equity investment ahead of schedule<\/p>\n

DANIA BEACH<\/span>, Fla.<\/span>, Aug. 5, 2025<\/span><\/span> \/PRNewswire\/ — Next Level Aviation\u00ae<\/sup> (NLA)<\/u><\/a>, a leader in the global distribution of used serviceable materials (USM) for\u00a0all\u00a0Boeing and\u00a0Airbus\u00a0commercial\u00a0aircraft\u00a0and associated jet engine platforms, has fully redeemed Turning Rock Partners’ (TRP) 2019 preferred equity investment. NLA completed the full redemption of\u00a0TRP’s stake,\u00a0ahead\u00a0of schedule,\u00a0in\u00a0mid- June 2025<\/span>.<\/p>\n

Next\u00a0Level\u00a0Aviation\u00ae<\/sup> Chairman & CEO Jack Gordon<\/span> 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\u00a0the investment period.\u00a0We wish the entire TRP team\u00a0the best, personally and with their portfolio investments, going forward.”<\/p>\n

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\u00ae<\/sup> reverts to its founders. Management\u00a0is\u00a0in\u00a0the\u00a0process\u00a0of evaluating\u00a0the\u00a0equity\u00a0needs\u00a0of\u00a0the\u00a0business going\u00a0forward\u00a0before choosing a new financial partner to assist us in taking the business to the next level.”<\/p>\n

About\u00a0Next\u00a0Level\u00a0Aviation\u00ae
<\/sup>Next\u00a0Level\u00a0Aviation\u00ae<\/sup> is an ASA-100 accredited, and FAA Advisory Circular 00-56B<\/span> compliant supplier stocking commercial aircraft\/jet engine used serviceable material (USM) for all Boeing and Airbus aircraft platforms and associated jet engines. Next Level Aviation\u00ae<\/sup> specifically focuses on stocking USM for the\u00a0Boeing\u00a0737 and Airbus A320 families of\u00a0aircraft and their\u00a0associated jet engines, which currently make up about 65% of the global commercial fleet. Founded in March 2013<\/span> by Jack Gordon,\u00a0Mike\u00a0Dreyer,\u00a0and\u00a0Matt\u00a0Dreyer, Next\u00a0Level\u00a0Aviation\u00ae<\/sup> has grown into a top global supplier of commercial aircraft\/jet engine used serviceable material. www.nextlevelaviation.net<\/a><\/u><\/p>\n

About Turning Rock Partners:
Turning Rock Partners (“TRP”) targets debt, equity and hybrid investments in underserved or capital constrained lower-middle market businesses in North America<\/span>. TRP structures bespoke financing solutions for companies across the private market landscape. For more information, please visit Turning Rock Partners’ website: www.turningrockpartners.com<\/a>.<\/u><\/a><\/u> For Turning Rock investor relations, please contact investor@turningrockpartners.com<\/a><\/u>.<\/p>\n

\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n\n\n\n
\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

NLA\u00a0completed\u00a0the\u00a0full\u00a0redemption\u00a0of\u00a0Turning\u00a0Rock’s\u00a0preferred\u00a0equity investment ahead of schedule<\/p>\n

DANIA BEACH<\/span>, Fla.<\/span>, Aug. 5, 2025<\/span><\/span> \/PRNewswire\/ — Next Level Aviation\u00ae<\/sup> (NLA)<\/u><\/a>, a leader in the global distribution of used serviceable materials (USM) for\u00a0all\u00a0Boeing and\u00a0Airbus\u00a0commercial\u00a0aircraft\u00a0and associated jet engine platforms, has fully redeemed Turning Rock Partners’ (TRP) 2019 preferred equity investment. NLA completed the full redemption of\u00a0TRP’s stake,\u00a0ahead\u00a0of schedule,\u00a0in\u00a0mid- June 2025<\/span>.<\/p>\n

Next\u00a0Level\u00a0Aviation\u00ae<\/sup> Chairman & CEO Jack Gordon<\/span> 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\u00a0the investment period.\u00a0We wish the entire TRP team\u00a0the best, personally and with their portfolio investments, going forward.”<\/p>\n

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\u00ae<\/sup> reverts to its founders. Management\u00a0is\u00a0in\u00a0the\u00a0process\u00a0of evaluating\u00a0the\u00a0equity\u00a0needs\u00a0of\u00a0the\u00a0business going\u00a0forward\u00a0before choosing a new financial partner to assist us in taking the business to the next level.”<\/p>\n

About\u00a0Next\u00a0Level\u00a0Aviation\u00ae
<\/sup>Next\u00a0Level\u00a0Aviation\u00ae<\/sup> is an ASA-100 accredited, and FAA Advisory Circular 00-56B<\/span> compliant supplier stocking commercial aircraft\/jet engine used serviceable material (USM) for all Boeing and Airbus aircraft platforms and associated jet engines. Next Level Aviation\u00ae<\/sup> specifically focuses on stocking USM for the\u00a0Boeing\u00a0737 and Airbus A320 families of\u00a0aircraft and their\u00a0associated jet engines, which currently make up about 65% of the global commercial fleet. Founded in March 2013<\/span> by Jack Gordon,\u00a0Mike\u00a0Dreyer,\u00a0and\u00a0Matt\u00a0Dreyer, Next\u00a0Level\u00a0Aviation\u00ae<\/sup> has grown into a top global supplier of commercial aircraft\/jet engine used serviceable material. www.nextlevelaviation.net<\/a><\/u><\/p>\n

About Turning Rock Partners:
Turning Rock Partners (“TRP”) targets debt, equity and hybrid investments in underserved or capital constrained lower-middle market businesses in North America<\/span>. TRP structures bespoke financing solutions for companies across the private market landscape. For more information, please visit Turning Rock Partners’ website: www.turningrockpartners.com<\/a>.<\/u><\/a><\/u> For Turning Rock investor relations, please contact investor@turningrockpartners.com<\/a><\/u>.<\/p>\n

\u00a0<\/p>\n

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