Minneapolis (May 26, 2026) – Yukon Partners (“Yukon”), a provider of junior capital for middle market private equity transactions, is pleased to announce it has partnered with Industrial Opportunity Partners (“IOP”), an operations-focused private equity firm based in Evanston, Ill., to support its investment in Stratton Aviation, LLC (“Stratton” or the “Company”).

Founded in 2016, Stratton is a provider of quality-assured aftermarket airframe and engine components (used serviceable material or “USM”) and technical services to the commercial aviation industry. The Company’s in-house disassembly operations enable Stratton to acquire retiring aircraft and aircraft engines, harvest the components, and sell them back into the market for use on aircraft. Stratton serves a diversified customer base of airlines, lessors, MROs, OEMs, and distributors, and has built a reputation for excellent customer service. The Company operates from its headquarters in Winooski, Vt., its primary disassembly operations in Brunswick, Maine, and warehouses and sales offices in Arizona, Texas, England, and Turkey.

Ethan Fischer will continue leading Stratton as CEO. Mr. Fischer commented, “We are looking forward to partnering with IOP. The management team and I believe that IOP’s operations-focused approach will help us continue to execute on our strategic plan for growth including initiatives to expand our capabilities and enhance the value we bring to our customers.” Alberto Satine, an IOP Operating Principal with over 30 years of executive experience, will assume the role of Chairman at Stratton.

The Stratton partnership continues IOP’s long track record of backing entrepreneurial management teams to help businesses realize their potential. “Stratton has developed an excellent reputation in the commercial aviation industry, and we are proud to partner with Ethan and the team through the Company’s next chapter,” said Kyle Hood, Managing Director at IOP. “The management team has built a strong culture, and we are excited to provide the operational resources and investment to help them optimize the business and achieve continued success.”
“Stratton’s scale, reputation, and vertical integration have positioned the Company as a leader in the USM market,” commented Andrew Walker, Principal with Yukon. “We look forward to supporting IOP and the Stratton management team as they execute their strategic plan.”

About Stratton

Stratton is a technology-enabled, vertically integrated provider of quality-assured aftermarket airframe and engine components (used serviceable material or “USM”) and technical services to the global commercial aviation industry. The Company’s vertically integrated airframe disassembly and parts distribution operations enable industry-leading time to market and serve a highly diversified customer base of MROs, distributors, airlines, OEMs, and lessors from its headquarters in Winooski, Vt., primary disassembly operations in Brunswick, Maine, and additional warehouses and sales offices in Arizona, Texas, England, and Turkey. Learn more about Stratton Aviation at www.strattonaviation.com.

About Yukon Partners

Yukon Partners is an independent and unaffiliated junior capital provider, primarily serving middle market private equity sponsor led business transactions in the U.S. and Canada. The transactions in which Yukon invests include buyouts, growth and platform strategies, recapitalizations, mergers/acquisitions, and public-to-private buyouts. Yukon typically invests up to $75 million per transaction and currently manages $2.6 billion across five funds. Yukon Partners has offices in Minneapolis, Boston, and West Palm Beach. For more information, please visit www.yukonpartners.com.

About Industrial Opportunity Partners

IOP, an Evanston, Ill.-based private equity firm with over $1.5 billion of committed capital since inception, is dedicated to creating value through investing in manufacturing and value-added distribution businesses with sales between $50 million and $500 million. IOP focuses on businesses with strong product, customer, and market positions, and provides management and operational resources to support sales and earnings growth at its businesses. For more information, visit IOP’s website at www.iopfund.com.

For more information, please contact:

Andrew Walker
Principal
Yukon Partners
612-435-7826