Turbopower, an MRO service provider for gas turbine engines, APUs and component parts based in Opa-Locka, Florida, has announced its recent acquisition by US investment firms Battle Investment Group and Capricorn Holdings. As an FAA Part 145 repair station and Rolls-Royce authorised maintenance centre, Turbopower specialises in servicing turboprop engine platforms, including the Rolls-Royce T56 and Pratt & Whitney PT6.
As part of the acquisition, Vlad Miskovic will assume the role of president of Turbopower. “It's an honour to be named president of Turbopower. I've been working with the Turbopower management team through the transaction process and am extremely excited about the growth prospects for the company,” he says.
In his new role, Miskovic will lead Turbopower's continued delivery of MRO solutions to commercial and military customers around the world. He brings extensive industry experience through his executive leadership roles at Tecomet, Paradigm Precision and Pratt & Whitney.
He continues: “Turbopower truly has differentiated capabilities with its customer base, technical team and facility that includes on-site engine test cells. The partnership with Battle Investment Group and Capricorn will allow us to accelerate current investments in new capabilities and footprint expansion. Our ultimate focus is supporting the customer and its critical missions.”
Battle Investment Group partner Cliff Orr adds: “Turbopower represents a unique strategic asset within the MRO market. The company is very well-positioned to capitalise on market opportunities both domestically and internationally. We look forward to supporting Turbopower's sustained expansion and development, including significant internal investments and strategic acquisitions.”
Capricorn chairman and CEO Pug Winokur concludes: “I am excited to partner with both Turbopower and Battle Investment Group, working to drive the company's continued growth and success.”