Airforce Turbine Service a leading global aviation services company specializing in MRO of the PT6A turboprop engine family, announces a strategic partnership with McNally Capital, a growth-oriented private equity firm specializing in aerospace & defense and industrial technology & services investments in the middle market.
As part of the transaction, Turbine Engine Maintenance Repair and Overhaul (TEMRO) will join ATS as a wholly owned operating subsidiary, providing certified engine maintenance and aftermarket services from its facility in Johannesburg, South Africa.
Founded in 1989 and headquartered in Mathis, Texas, ATS delivers world-class MRO, on-wing aircraft-on-ground (“AOG”) field support, and a comprehensive suite of aftermarket solutions, including engine and parts sales, exchange programs, and rental solutions. In combination with TEMRO, ATS now operates a global maintenance footprint centered in Mathis, Texas, with additional locations in Malaysia and South Africa, as well as a remote sales and technical support office in Guatemala.
“ATS is at an important inflection point in its growth, with significant opportunities ahead to expand and scale the business,” said Chris Carson, managing partner and owner of ATS. “As we evaluated potential partners, McNally Capital clearly stood out for their deep understanding of our business and proven experience scaling aerospace services platforms. They are the right partner to help take ATS to the next level while remaining true to our culture and commitment to customers.”
“This partnership with McNally Capital represents a significant milestone for ATS,” said Augustine “Augie” Lara, chief operating officer. “McNally brings deep aerospace expertise, a long-term mindset, and a strong appreciation for the mission-critical nature of what we do. With their support, we are well-positioned to expand our capabilities, invest in our people and infrastructure, and better serve operators navigating aging fleets, rising utilization, and ongoing supply chain challenges.”
Ravi P. Shah, partner at McNally Capital, highlighted the strategic rationale for the investment and McNally’s conviction in ATS’s platform and growth potential. “ATS is at a compelling inflection point, with clear opportunities to scale its platform, expand capabilities, and continue serving operators at the highest level,” said Ravi. “The team has built a differentiated business grounded in operational excellence, customer trust, and a strong culture. We are excited to partner with ATS to support its next phase of growth while preserving the values and mission-critical focus that define the Company.”