Essential Turbines
Assembly Line
Balance Point Capital Completes Strategic Investment in Essential Turbines Inc.
Balance Point Capital Advisors, LLC, in conjunction with its affiliated funds, Balance Point Capital Partners V, L.P., and Balance Point Capital Partners VI, L.P., is pleased to announce its investment in Essential Turbines Inc., a provider of maintenance, repair and overhaul services for aircraft engines. Balance Point provided debt and equity in support of the transaction, alongside Swift Anchor Holdings, a private equity investment firm.
Founded 30 years ago, Essential Turbines is an MRO provider, and Rolls Royce FIRST Network AMROC, focused on providing performance, quality and safety for aerospace customers across end markets. ETI is a specialist in the Rolls-Royce M250 and RR300 engines, which power many of the world’s most well-known helicopters, and has expertise in aircraft engines.
Swift Anchor, Balance Point and Essential Turbines will focus on continuing to build the Company’s presence as a Rolls Royce FIRST Network partner and expanding additional capabilities. As part of Swift Anchor’s hands-on and active ownership approach, Gannon Gambeski, a Swift Anchor Partner with extensive operating experience, will assume the role of CEO of Essential Turbines going forward.
Rolls-Royce announces two additions to FIRST Network of authorized global support providers
Rolls-Royce announces the addition of two companies to its FIRST Network™ of authorized service providers. The FIRST Network is a global listing of authorized facilities providing affordable, reliable support solutions for operators of Rolls-Royce M250 and RR300 engines.
Essential Turbines Inc., joins the First Network as an Authorized Maintenance Repair and Overhaul Center (AMROC). MASCO Services, based in Grapevine, Texas, joins the First Network as an Authorized Repair Facility (ARF). MASCO’s primary focus will be repairs to the RR300 Starter Generator.