Palm Beach Capital has confirmed the sale of Florida-based CTS Engines to Platte River Equity.
The new management structure will see Brian Neff, current CEO of CTS remain with the firm.
CTS, headquartered in Fort Lauderdale, provides maintenance services for mature aircraft engines along with next-generation engine testing, performed in Jupiter, FL.
Brian Neff, CEO and owner of CTS, said: “Over the past three years, Palm Beach Capital helped CTS grow into a major player in the global engine MRO market. I am convinced that CTS would not have had the kind of success that it has—and will continue to have going forward—without the support of the Palm Beach Capital team.”