Waveland Investments Acquires NTE Aviation
Chicago-based private equity firm Waveland Investments, LLC has completed the acquisition of NTE Aviation, LLC, a Lewisville, Texas-based aftermarket reseller of airplane engine and airframe components, for an undisclosed amount.
Waveland completed the transaction in partnership with the company’s existing management led by CEO Danny Kelly and President & COO Larry Watkins.
Established in 2001, NTE engages in the sourcing and reselling of engine and airframe parts to/from MRO facilities, OEMs, airline operators and leasing companies.
The investment aims to help the company to continue to expand the business.