CAI Private Equity Exits TurboCombustor Technology

CAI Private Equity has sold its majority interest in portfolio company TurboCombustor Technology Inc. Terms of the deal were not released, but the firm said that co-investor AeroEquity Inc. will maintain a stake in TurboCombustor. The Stuart, Fla.-based portfolio company is a manufacturer of highly-engineered combustors and related “hot section” engine components for aerospace and industrial power generation applications. It was acquired in early 2004 by CAI and AeroEquity.

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