CHARLOTTE, NC, March 13, 2024 -- Capitala Group (“Capitala”), a Charlotte-based firm providing private credit and private equity to small businesses, is pleased to announce its recent debt and equity co-investment in TRS Services, LLC (“TRS”).
TRS is a provider of maintenance, repair, and overhaul services of component parts for industrial gas turbine engines. The Company predominantly services heavy industrial gas turbine engines, which are used to generate power in natural gas-fired power plants and other heavy industrial applications. TRS also services light industrial and aeroderivative gas turbine engines used for remote, mobile, or off-grid power solutions. The Company has a comprehensive set of repair and engineering capabilities and a large library of internally developed engineering solutions, allowing it to perform a wide range of work in-house for industrial gas turbine service providers, manufacturers, owners, and operators. TRS services turbines from leading manufacturers including Siemens Energy, General Electric/Alstom, Solar Turbines, Mitsubishi Power, Kawasaki, and others. TRS was founded in 1998 and is based in Houston, TX. To find out more, visit www.trsservices.com.
Capitala, in collaboration with Battle Investment Group, participated in the transaction, allocating funds from Fund VI to support the Company’s ongoing growth initiatives.
About Capitala Group
Capitala Group is an asset management firm that has been providing private credit and private equity capital to lower- and middle-market businesses throughout North America for over twenty-five years. Since our inception in 1998, Capitala has invested over $2.2 billion into small businesses utilizing our flexible capital mandate which provides creative financing solutions to companies. We seek to partner with strong management teams to create value and support growth through strategic partnerships, operational expertise, and a shared vision for success. For more information, visit www.CapitalaGroup.com.
Press Contact:
Katina Cole Jakubowski
Director of Marketing
kjakubowski@capitalagroup.com