Pinecrest Blog

Pinecrest Capital Partners Serves as Exclusive Financial Advisor to Red Aviation, Completes Recapitalization

DALLAS (September 2, 2014) – Pinecrest Capital Partners, a Dallas-based investment banking firm that offers exclusive advisory services to middle market companies, today announced its role as exclusive financial advisor to Davis S R Aviation, LLC and Turbine Jet Specialties, LP together known as “Red Aviation,” in a majority recapitalization of the business by The Capstreet Group, LLC. The transaction closed on August 29, 2014.

Pinecrest Senior Managing Director Barrett Kingsriter and Director Bobby Renkes served as the investment bankers in this transaction. This deal underscores Pinecrest’s capabilities as a financial advisor for M&A in the middle market and demonstrates the firm’s commitment to help clients realize full value for their companies while securing a great long-term partner and execution of an efficient transaction process.

“The Pinecrest team took the time to understand my motivations and goals for a transaction, guided every step of the process and delivered an outcome that exceeded expectations,” said Steve Davis, President and Co-founder of Red Aviation. “I couldn’t be happier with my new partner, The CapStreet Group, and I’m excited about the future of Red Aviation.”

Founded in 2002 by Steve and Karen Davis and headquartered in Georgetown, Texas, Red Aviation (www.redaviation.aero) 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, including Georgetown-based Red Aviation which focuses on components and structures, and Granbury-based Turbine Jet Specialties, which focuses on engines.

“Steve, Karen and the entire team at Red Aviation were great to work with on this transaction,” added Barrett Kingsriter, Senior Managing Director and Head of Investment Banking for Pinecrest Capital Partners. “The clear and ongoing communication and collaboration enabled our team to understand their objectives and vision upfront and throughout the process. This transaction exemplifies the types of successful deals that we strive to complete and is representative of who we are as an investment banking firm and trusted advisor to our clients.”

Pinecrest Capital Partners is a premier investment banking firm that offers exclusive advisory services to middle market companies in a variety of industries that typically range from $25 million to $500 million in total enterprise value. By focusing on high-touch advisory and one-stop solutions, Pinecrest’s team of highly experienced professionals puts its clients in a position to realize the full value of their companies and manages the transaction process with the goal to maximize desired outcomes. The industries Pinecrest serves include healthcare; industrials and manufacturing; transportation and logistics; energy, utilities and infrastructure; aerospace and defense; consumer products; technology and outsourced business services. For more information about Pinecrest Capital Partners visit www.pinecrestcap.com.

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The testimonials may not be representative of the experience of other customers and is no guarantee of future performance or success.

Messrs. Kingsriter and Renkes are registered representatives of and Securities and Investment Banking Services are offered through BA Securities, LLC Member FINRA SIPC. Pinecrest Capital Partners and BA Securities, LLC are separate and unaffiliated entities.