McNally Capital, a growth-focused private equity firm specialising in mid-market aerospace and defence, as well as industrial technology and services investments, has completed the acquisition of Airforce Turbine Service, Ltd. (ATS). ATS is an independent global aviation services provider with a strong reputation in maintenance, repair and overhaul (MRO) of the PT6A turboprop engine family. As part of the transaction, Turbine Engine Maintenance Repair and Overhaul (TEMRO) has joined ATS as a wholly owned operating subsidiary. McNally Capital sees ATS as a scalable platform with significant growth potential. Ravi P. Shah, Partner at McNally Capital, said the company is at an important inflection point, with opportunities to expand its capabilities and extend its global reach while continuing to deliver high levels of service.

Source: The North Africa Journal January 02, 2026 11:01 UTC