NewSpring Capital Leads Investment In Aviation Technical Services

Radnor, PA – June 27, 2013 – NewSpring Capital, a family of private equity funds providing growth and expansion capital, announced today that NewSpring Mezzanine, the dedicated mezzanine fund of NewSpring Capital, led a $7.5 million investment in Aviation Technical Services (“ATS”), one of the largest and most tenured provider of maintenance, repair and overhaul (MRO) services in the U.S. NewSpring invested alongside the current senior leadership team of ATS as well as a group of experienced aerospace investors. The Company will be led by current President and CEO, Matt Yerbic.

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Categories: Venture Capital

Author:NJ Tech Council

The New Jersey Tech Council helps companies grow and supports the tech, innovation and entrepreneurial ecosystems in the state and region.

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