MRO for AI

Who knew AI needed maintenance?

McNally Capital, a growth-oriented private equity firm specializing in middle market aerospace & defense and industrial technology & services investments, announced its acquisition of Airforce Turbine Service, Ltd., an independent global aviation services company specializing in maintenance, repair, and overhaul (“MRO”) of the PT6A turboprop engine family.

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," according to a December 18 press release from McNally.

Founded in 1989 and headquartered in Mathis, Texas, ATS specializes in MRO, on-wing aircraft-on-ground field support, and offers 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.

McNally Capital completed the acquisition alongside Rob Wilson, a longtime aerospace industry executive and former President of Business Aviation and General Aviation at Honeywell, who will serve as Executive Chairman of ATS.

“ATS has earned the trust of operators through disciplined execution, rapid turnaround times, and consistent reliability in supporting the PT6A fleet,” said Rob Wilson. “With increasing utilization, aging fleets, and supply chain pressures across the industry, ATS is exceptionally well-positioned to scale its infrastructure, invest in its people, and broaden its service offering. I am excited to work with the team and McNally Capital to help guide the business through its next phase of growth.”