NEW YORK, NY (May 29, 2024) – Edgewater Strategy Group (“Edgewater”), a boutique advisory firm specializing in M&A, capital raises and Office of the CFO services, today announced that it served as the outsourced corporate development team to Swift Anchor Holdings (“Swift Anchor”), the New York-based long-term investment firm, on its strategic investment in Essential Turbines (“ETI”).
ETI specializes in the Rolls-Royce M250 and RR300 engines that power some of the world’s best-known helicopters. Over three decades, the company has grown into a leading provider of aerospace maintenance, repair and overhaul (MRO) services, and it is a Rolls-Royce FIRST Network AMROC. Its focus on performance, quality and safety supports a customer base that spans commercial, government and military markets.
Balance Point Capital invested alongside Swift Anchor, providing both equity and debt capital. Swift Anchor plans to expand ETI’s capabilities while preserving its high standards of quality and service. Reflecting the firm’s hands-on approach to ownership, Gannon Gambeski, a Swift Anchor partner with deep operating experience, will become President of ETI. He takes over from founder Michael E. Guntner Jr., who remains involved as a shareholder and member of the board.
Edgewater acted as an embedded extension of Swift Anchor’s team, serving as its outsourced corporate development function through close. Edgewater built the valuation and operating model, prepared the investment memorandum, and carried out business and financial due diligence on ETI, working closely with Swift Anchor’s leadership as the investment thesis took shape.
“Essential Turbines has spent three decades serving operators for whom engine reliability is not negotiable. Its depth on the M250 and RR300 platforms and its standing within the Rolls-Royce network give it a position few can replicate. Acting as Swift Anchor’s corporate development team, we tested that thesis through the operating model, investment memo and diligence, and it held up at every turn. With Gannon stepping in as President, Swift Anchor is well placed to build on what Michael and his team created.”
Hawken LordManaging Partner, Edgewater Strategy Group
Along with Edgewater, Swift Anchor was also advised by Stikeman Elliott and McGuireWoods, which acted as its legal advisors. TD Bank provided debt financing. Terms of the transaction were not disclosed.
Swift Anchor’s full announcement is available here.
About Swift Anchor Holdings
Swift Anchor Holdings is a New York-based private investment firm that takes a long-term view. The firm focuses on healthcare, aerospace and defense, and business and industrial services, partnering with market-leading, mission-critical companies and working actively alongside their management teams to create value. For more information, visit swiftanchor.com.
About Essential Turbines
Based in Montreal, with facilities in Vancouver and Phoenix, Essential Turbines provides maintenance, repair and overhaul services for helicopter and fixed-wing turbine engines. Its expertise centers on the Rolls-Royce M250 and RR300 engines and extends to pure-thrust engine modules, components and accessories. For more information, visit essentialturbines.com.
About Edgewater Strategy Group
Edgewater Strategy Group is a boutique advisory firm specializing in Mergers and Acquisitions, Capital Raises, and Office of the CFO services. Edgewater works as an extension of its clients’ deal and finance teams, from sourcing and diligence through close and post-close integration. For more information, visit edgewaterstrategygroup.com.
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