Swift Anchor Holdings Completes Strategic Investment in Essential Turbines
Summary
NEW YORK and MONTREAL, May 29, 2024 /CNW/ -- Swift Anchor Holdings ("Swift Anchor"), a long-term oriented investment firm partnering with mission-critical companies, today announced its strategic investment in Essential Turbines ("ETI"), a leading provider of maintenance, repair, and overhaul (MRO) services for aircraft engines. ETIs dedication to performance, quality and safety enables it to serve customers across commercial, government and military end markets. Gannon succeeds Michael E. Guntner Jr., who will remain involved in ETI as a shareholder and board member.Stikeman Elliott and McGuireWoods acted as legal advisors to Swift Anchor. TD Bank provided debt financing for the transaction.Swift Anchor is a long-term oriented investment firm partnering with mission-critical businesses in healthcare, aerospace & defense, and business/industrial services. Visit: www.swiftanchor.com.Essential Turbines, headquartered in Montreal, with locations in Vancouver and Phoenix, is a leading aerospace maintenance, repair, and overhaul (MRO) provider with a focus on helicopter and fixed-wing engines.
Funding
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