PRV created the aerospace and defence supplier in January 2010 from four companies it had acquired between 2006 and 2008, and bolted on a further two businesses before this year.
Although details of the transaction were not released, PRV said it would net an “attractive” return for its investors.
The company performs complex machining of hard metals and aluminium, sheet metal fabrication, assembly and test, repair and overhaul, and lower-tier supply chain management.
PRV managing director Greg Sissel said, “We are proud of the business that Platte River and PRV Aerospace management have built over the past six years, which is the result of our vision to develop a leading aerospace and defence supplier.
“Richard Wood and his team have built a strong foundation from which the business can continue to grow into an even more strategic supplier to the leading OEMs and Tier-1s.”
Court Square’s last investment was the January 2010 purchase of fibre optic network leaser Fibertech.
The firm has more than $3.5bn of assets under management and focuses on business services, general industrial, healthcare and technology.
Smaller firm PRV has just over $300m of committed capital and aims to invest in companies with enterprise values between $20m and $250m.
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