Platte River Equity Announces the Sale of CTS Engines to J.F. Lehman & Company

Platte River Equity is pleased to announce the sale of CTS Engines and CTS Testing to an investment affiliate of J.F. Lehman & Company. CTS is a leader in maintenance, repair, overhaul (MRO) and testing services to owners and operators of commercial jet engines worldwide.

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“It has been a pleasure working with Vesa Paukkeri, his management team and the talented employees at CTS for the past four and a half years,” commented Platte River Managing Director Greg Sissel. “We have enjoyed supporting the CTS organization through this period of tremendous growth and wish Vesa and his team all the best for continued success in their new partnership with JFLCO.”

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CTS CEO Vesa Paukkeri said, “Platte River has been an invaluable partner for CTS, having supported our business strategically, financially and operationally to help us drive the Company’s long-term growth. We thank the Platte River team for its support and partnership over the years and look forward to our next chapter of growth with JFLCO.”

Platte River Principal Eric Crawford said, “During our partnership, CTS achieved remarkable growth and made significant investments to enhance the Company’s organization, strategy and operations. We are looking forward to watching CTS’ continued success under management’s new partnership with JFLCO as they take the Company into its next stage of growth.”

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