Key Takeaways
- • GenNx360 Capital Partners, a New York City-based private equity firm with approximately $3 billion in capital under management, announced its investment in DRT Aerospace, a carve-out from DRT Holdings LLC.
- • DRT Aero manufactures precision machined components for the aerospace, defense, space, and industrial gas turbine (IGT) end markets, with its primary focus on aerospace engine components and embedded positions on leading aerospace and defense platforms.
- • The company is headquartered in Cincinnati, Ohio, operates production facilities in Connecticut, Ohio, and South Carolina, and employs approximately 250 full-time staff.
- • Pratik Rajeevan, GenNx360 Partner, led the transaction, citing record OEM backlogs across commercial aerospace, defense, space, and IGT as the thesis rationale.
- • The deal's value was not disclosed in the announcement.
Summary
GenNx360 Capital Partners ("GenNx360"), a New York City-based private equity firm focused on U.S. lower middle market industrial services and business services companies, announced its investment in DRT Aerospace ("DRT Aero" or the "Company"), according to a Business Wire release. The transaction is a carve-out from DRT Holdings LLC. The announcement did not disclose the purchase price.
DRT Aero manufactures precision machined components for the aerospace, defense, space, and industrial gas turbine ("IGT") end markets. Its primary focus is aerospace engine components, where it holds embedded positions on leading aerospace and defense platforms. The company is headquartered in Cincinnati, Ohio, operates production facilities in Connecticut, Ohio, and South Carolina, and is supported by roughly 250 full-time employees.
Rob Cohen, CEO of DRT Aero, said the partnership with GenNx360, whose operational expertise and A&D platform-building track record he cited, would support the company's next phase of growth as a standalone business. He said the investment would fund team expansion, manufacturing capabilities, and deeper positions on key aerospace and defense programs.
Pratik Rajeevan, the GenNx360 Partner who led the transaction, said the investment aligns with the firm's targeted thesis in the A&D supply chain. He cited record backlogs from OEMs across commercial aerospace, defense, space, and IGT markets as a source of significant expected tailwinds. Reece Zakarin, Vice President at GenNx360, said the firm would pursue both organic growth and strategic acquisitions to build an industry-leading platform.
GenNx360's deal team included Rajeevan, Operating Partner Mike Bernacchi, Zakarin, and Associate Miles Oliver. Lincoln International and Deloitte Corporate Finance served as financial advisors to DRT Holdings LLC, with Akin Gump as legal counsel. Perella Weinberg Partners served as financial advisor to GenNx360, with Winston Taylor as legal counsel. GenNx360, founded in 2006, targets industries including aerospace and defense, infrastructure services, testing and inspection, and automation and industrial technology.
DRT Aero manufactures precision machined components for the aerospace, defense, space, and industrial gas turbine ("IGT") end markets. Its primary focus is aerospace engine components, where it holds embedded positions on leading aerospace and defense platforms. The company is headquartered in Cincinnati, Ohio, operates production facilities in Connecticut, Ohio, and South Carolina, and is supported by roughly 250 full-time employees.
Rob Cohen, CEO of DRT Aero, said the partnership with GenNx360, whose operational expertise and A&D platform-building track record he cited, would support the company's next phase of growth as a standalone business. He said the investment would fund team expansion, manufacturing capabilities, and deeper positions on key aerospace and defense programs.
Pratik Rajeevan, the GenNx360 Partner who led the transaction, said the investment aligns with the firm's targeted thesis in the A&D supply chain. He cited record backlogs from OEMs across commercial aerospace, defense, space, and IGT markets as a source of significant expected tailwinds. Reece Zakarin, Vice President at GenNx360, said the firm would pursue both organic growth and strategic acquisitions to build an industry-leading platform.
GenNx360's deal team included Rajeevan, Operating Partner Mike Bernacchi, Zakarin, and Associate Miles Oliver. Lincoln International and Deloitte Corporate Finance served as financial advisors to DRT Holdings LLC, with Akin Gump as legal counsel. Perella Weinberg Partners served as financial advisor to GenNx360, with Winston Taylor as legal counsel. GenNx360, founded in 2006, targets industries including aerospace and defense, infrastructure services, testing and inspection, and automation and industrial technology.
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