Alantra acted as co-sell-side advisor to Mangrove Equity Partners, a Florida-based lower middle market private equity firm on the sale of PowerParts Group, a leading provider of mission-critical aftermarket components and services for gas and steam turbines, to JLL Partners, a New York-based middle-market private equity firm with a thesis-driven investment focus across Healthcare, Aerospace & Defense, and Business Services, and approximately $8bn in AUM.

Founded in 2020, PowerParts Group is the result of the strategic integration of STAR Turbine and Thor Precision. The company designs, engineers, and manufactures mission-critical turbine components, including seals and fasteners, for use across power generation markets. Its customer base includes OEMs, independent MROs, utilities, and industrial companies.

Alantra was engaged based on its deep industry knowledge and relationships with key strategic and private equity stakeholders. In collaboration with the lead advisor, CIBC, Alantra supported the positioning of PowerParts Group and provided strategic advice throughout the transaction.

Recent mandates include advising TOPS Field Services on its sale to Capstreet, the sale of Ethos Energy to One Equity Partners, and the sale of Turbine Services Limited to Ethos Energy.

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