National Airmotive Corporation was a world leader in servicing Rolls-Royce/Allison gas turbine engines and components used in aviation, marine and industrial power generation applications. NAC had been in operation for 35 years and had a broad customer base of more than 300 operators in over 45 countries. NAC was a neglected asset and had poor financial performance, with losses of $10 million dollars in the three years prior to the acquisition by FAvS. First Equity created increased revenue and profitability significantly over the 4 years of ownership before selling to Rolls-Royce for $73 million in November 1999.
