GenNx360 invests in DRT Aerospace, a carve-out from DRT Holdings

GenNx360 Capital Partners, a New York-based private equity firm, announced its investment in DRT Aerospace, a carve-out from DRT Holdings LLC. The release did not disclose the stake or the purchase price. Pratik Rajeevan, the GenNx360 partner who led the transaction, was named in the release.

DRT Aerospace manufactures precision machined components for the aerospace, defense, space and industrial gas turbine end markets. Its main focus is aerospace engine components, where it holds embedded positions on aerospace and defense platforms. The company is headquartered in Cincinnati, Ohio, operates production facilities in Connecticut, Ohio and South Carolina, and employs about 250 full-time staff.

Rob Cohen, CEO of DRT Aerospace, said the investment will help the company build its team and manufacturing capabilities and deepen its positions on aerospace and defense programs. Rajeevan said the deal fits GenNx360's targeted thesis in the aerospace and defense supply chain, and Reece Zakarin, a GenNx360 vice president, said the firm plans to pursue organic growth and acquisitions.