CapStreet Announces Recapitalization of Davis S R Aviation and Turbine Jet Specialties

Sept. 18, 2014
Red Aviation engages in the procurement, sale, repair and maintenance of business jet aftermarket parts and engines

HOUSTON, TEXAS (September 10, 2014) – The CapStreet Group, LLC ( today announced the completion of a majority recapitalization of Davis S R Aviation, LLC and Turbine Jet Specialties, LP, together known as “Red Aviation,” in partnership with the senior management team.

Founded in 2002 by Stephen and Karen Davis and headquartered in Georgetown, Texas, Red Aviation ( engages in the procurement, sale, repair and maintenance of business jet aftermarket parts and engines, focusing on the Global, Challenger, Lear and Gulfstream platforms. The company operates in two segments, Red Aviation, based in Georgetown, which focuses on components and structures, and Turbine Jet Specialties, based
in Granbury, Texas, which focuses on engines.

During its 12 year history, Red Aviation has assembled an expert staff of aerospace personnel and built an extensive inventory of over 12,000 parts, providing customers with flexible parts and service options through exchanges, overhauls, repairs and rentals of business jet parts.

Red Aviation differentiates itself from other aftermarket parts providers through the company’s product knowledge, inventory depth, and Red Aviation Repair Group division. This division is an
FAA certified repair station with over 600 different repair and overhaul capabilities allowing the company to certify and repair parts in-house as well as perform outside customer repair.

“We are thrilled to have the CapStreet team as partners,” said Steve Davis, president and CEO of Red Aviation. “We look forward to working with CapStreet and leveraging their expertise to take Red Aviation to the next phase of growth.”

George Kelly, CEO of The CapStreet Group, added, “We are excited about the future of Red Aviation. The company will be able to capitalize on several growth opportunities stemming from its unique market position and favorable macro-economic trends in the aftermarket business jet industry. We know that Steve and the rest of the Red Aviation team will be great partners as they continue to expand their business.”

The CapStreet Group is a private equity firm founded in 1990 that invests in owner-managed, middle market companies headquartered in Texas and surrounding states. CapStreet targets
companies operating in diversified business service sectors, including healthcare, industrial distribution and industrial manufacturing businesses and partners with management teams and existing owners to accelerate growth and improve profitability.