Heartwood Partners has made a growth investment in The Xtreme Group, in partnership with the management team, who will continue to lead the company. Headquartered in Miami, Florida, TXG has built an independent, full-service aviation MRO platform with capabilities spanning airframe heavy maintenance, engine MRO, line maintenance, aircraft on-ground services, and the sale and lease of aircraft and engines, serving primarily cargo and commercial operators.
TXG operates through three primary subsidiaries: Xtreme Aviation, an FAA Part 145 certificated MRO provider delivering airframe maintenance, repair, modification, and line maintenance services across major US 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. Founded in 2013, TXG serves a marquee global customer base of cargo, commercial, and charter operators from its Miami headquarters, with line maintenance stations across major US airports.
Heartwood Partners is a middle-market private equity firm differentiated by a lower-leverage, current-cash-yield approach designed to create a partnership with continuing management. The firm manages over $1.4 billion in investments and commitments as of December 31, 2025, and its principals have invested in more than 100 platform and add-on acquisitions. Heartwood is currently investing from Heartwood Partners IV and is focused on founder-, family-, and management-held businesses across building products, commercial and industrial services, distribution, environmental services, niche manufacturing, packaging, specialty chemicals/materials, and food/agriculture/nutrition markets.
KEY QUOTES:
“We are delighted to partner with Carlos and the entire TXG team as they enter this exciting next chapter of growth. 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.”
Ed Tan, Managing Partner, Heartwood Partners
“The Xtreme Group exemplifies the type of founder-led, operationally excellent business that Heartwood is built to back. 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.”
James Jang, Managing Director, Heartwood Partners
“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. 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.”
Carlos Cock, Chief Executive Officer, The Xtreme Group
