On May 29, 2024, Swift Anchor Holdings announced its strategic investment in Essential Turbines (ETI), a leading MRO service provider for aircraft engines. Balance Point Capital supported the transaction with equity and debt capital. Founded 30 years ago, ETI specializes in the Rolls-Royce M250 and RR300 engines, serving commercial, government, and military markets. ETI's commitment to performance and safety has established it as a key player in the aerospace MRO industry.

Elias Lebovits, Managing Partner and Founder of Swift Anchor, praised ETI's market-leading position and reputation, expressing enthusiasm for enhancing ETI's quality and service while providing a rewarding work environment for its employees. Michael E. Guntner Jr., President and Founder of ETI, expressed confidence in the partnership, citing Swift Anchor's mission-driven perspective and long-term outlook.

As part of the deal, Gannon Gambeski, a partner at Swift Anchor with extensive operating experience, will become President of ETI. Michael E. Guntner Jr. will remain involved as a shareholder and board member. Stikeman Elliott and McGuireWoods served as legal advisors to Swift Anchor, with TD Bank providing debt financing for the transaction.