Platte River Equity has acquired airplane engine tester CTS Engines. The target’s management team is also investing in the deal.

CTS, located in Fort Lauderdale, Florida, provides maintenance, repair and testing services on aerospace engines. Some of the target’s clients include Boeing Co. (NYSE: BA), General Electric Co. (NYSE: GE), DHL, Air Transport Services Group Inc. (Nasdaq: ATSG), Atlas Air Worldwide Holdings Inc. (Nasdaq: AAWW) and Western Global Airlines.

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