Jul 25

Farol Invests in Universal Turbine Parts, LLC

Farol Asset Management LP (“Farol”),  along with other leading institutional investors, has partnered with ICV Partners, LLC (“ICV”) to complete the acquisition of Universal Turbine Parts, LLC (“UTP”).  UTP is one of the world’s largest distributors of aftermarket turboprop aircraft engines and engine parts. The company specializes in the PT6 and PW100 engine platforms manufactured by Pratt & Whitney Canada that power more than 14,000 aircraft worldwide in commercial and military use and are among the most popular engines in its class.

Full Article here.