Waveland Investments Acquires NTE Aviation

NTE Rides the Waveland to Growth

Livingstone is pleased to announce a growth recapitalisation of NTE Aviation by Waveland Investments.

NTE Aviation, which began operating in 2001 in Lewisville, Texas, is a leading aftermarket reseller of civil engine and airframe components focused on regional airline turboprop and Boeing 737 Classic applications. NTE has developed a market leading position in both the engine/airframe teardown and consignment segments, transacting with airlines, MROs, OEMs, and financial institutions around the world.

Waveland Investments is a Chicago-based private equity firm which focuses on lower mid-market manufacturing, distribution and service companies all over the United States.

“We are excited about NTE’s prospects. Waveland is an ideal partner that will provide us with the finance and insight to continue to grow our business,” commented CEO Danny Kelly. “Livingstone did an exceptional job creating a competitive process and bringing to the table the right financial partners who understood our business and the vision for the future. The team at Livingstone worked tirelessly to ensure the success of this transaction and the best outcome for NTE.”

“The senior management team has established significant relationships across the globe making NTE an industry leader and a stable and trusted supplier to key players in the global airline industry. We are proud to have found the most compatible private equity buyer to provide the company with the necessary capital to fuel growth,” added Livingstone Chicago’s, Head of Special Situations, Joe Greenwood.

This is the eighth deal completed by Livingstone’s Debt Advisory team within the past 12 months.


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