CTS Engine Ownership Moves to Platte River Equity

Palm Beach Capital and joint CEO Brian Neff has sold CTS Engines to Platte River Equity.


CTS is headquartered in Fort Lauderdale, Florida with testing operations in Jupiter, Florida. The company provides a full spectrum of maintenance, repair and overhaul (MRO) services for established engine platforms, and performs developmental testing on next generation engines.


Nate Ward, co- founder and general partner of Palm Beach Capital, said: “At the time of our investment into CTS Engines, we felt the business was on the path towards becoming the premier mature engine MRO in North America. The Company achieved tremendous growth and we thoroughly enjoyed our partnership with Brian Neff and his first class management team.”


Brian Neff, CEO and owner of CTS, commented: “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 and friendship of the Palm Beach Capital team.”

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