HEARTWOOD PARTNERS ANNOUNCES GROWTH INVESTMENT IN THE XTREME GROUP

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Sep 22, 2026, 06:00 ET

NORWALK, Conn., Sept. 22, 2026 /PRNewswire/ -- Heartwood Partners is pleased to announce that, on May 29, 2026, in partnership with the management team who will continue to lead the Company, it made a growth investment in The Xtreme Group ("TXG" or the "Company").

Headquartered in Miami, Florida, TXG has built a leading independent, full-service aviation MRO platform with capabilities spanning airframe heavy maintenance, engine MRO, line maintenance, aircraft on ground (AOG) services, and the sale and lease of aircraft and engines, serving primarily cargo and commercial operators. The Company serves a marquee customer base from its headquarters in Miami, Florida, with line maintenance stations across major U.S. airports.

"We are delighted to partner with Carlos and the entire TXG team as they enter this exciting next chapter of growth," said Ed Tan, Managing Partner, Heartwood Partners. "We first met Carlos at the annual MRO show, and we are proud to have fostered that relationship into today's partnership. TXG has built an exceptional reputation in aviation MRO through over a decade of consistent, high-quality execution for some of the industry's most demanding cargo and commercial operators. Heartwood's growth-oriented, low-leverage approach is well-suited to support TXG's expansion into new geographies, service lines, and additional capacity, and we look forward to partnering with Carlos and the team to accelerate that trajectory."

"The Xtreme Group exemplifies the type of founder-led, operationally excellent business that Heartwood is built to back," said James Jang, Managing Director, Heartwood Partners. "Carlos and the TXG team have created a differentiated platform in a large and growing MRO market, and we see significant opportunity to build on that foundation — both organically and through strategic add-on acquisitions. We are excited to bring Heartwood's full resources to bear in support of that vision."

"Since founding Xtreme Aviation in 2013, our singular focus has been on delivering the highest-quality MRO services to our customers — on time, on budget, and to the safety standards they demand," said Carlos Cock, Chief Executive Officer, The Xtreme Group. "Partnering with Heartwood marks an exciting new chapter for TXG. Their growth-oriented investment approach and in-house value creation capabilities give us the resources to expand our capacity, broaden our service lines, and extend our geographic reach — all while maintaining the quality and customer relationships that define who we are. We look forward to what we will build together."

About Heartwood Partners
Heartwood Partners, a middle market private equity firm, is differentiated by a unique lower-leverage, current cash yield approach designed to create partnership with continuing management. Our approach combines a conservative capital structure with strategic execution to support long-term growth, including organic and acquisition-driven expansion into new products, services, and end markets. In addition, we support each management team with our in-house Value Creation team who provide deep, subject-matter experience in strategic areas such as eCommerce and digital marketing, human capital and organizational design, IT improvement, and acquisition integration. We manage over $1.4 billion (as of 12/31/25) in investments and commitments, and our principals have invested in more than 100 platform and add-on acquisitions. Heartwood is currently investing from Heartwood Partners IV, LP, and is focused on founder, family and management-held businesses serving the building products, commercial and industrial services, distribution, environmental services, niche manufacturing, packaging, specialty chemicals/materials, food/agriculture/nutrition markets. For additional information about Heartwood, please visit www.heartwoodpartners.com.

About The Xtreme Group
The Xtreme Group (TXG) is a leading independent, full-service aviation MRO platform headquartered in Miami, Florida. Founded in 2013, TXG operates through three primary subsidiaries: Xtreme Aviation LLC, an FAA Part 145 certificated MRO provider delivering airframe maintenance, repair, modification, and line maintenance services across major U.S. airports; Ignite Aero Engines, specializing in CFM56 and CFM34 turbine engine MRO and overhaul services; and Aventus Air Leasing II, focused on the acquisition, refurbishment, and sale and leasing of aircraft and engines. TXG serves a global customer base of cargo, commercial, and charter operators. With a track record built on safety, quality, and on-time performance, TXG provides its airline and cargo customers with a comprehensive, single-source MRO solution. For more information, please visit www.txg.aero.