Jet Parts Engineering receives capital funding from Vance Street

Close-up of jet undercarriage.
Joël Super via Pexels

Seattle-based Jet Parts Engineering (JPE) has extended its partnership with Vance Street Capital, a Los Angeles based private equity firm, via a single-asset secondary transaction. 

The transaction creates a continuation fund with new capital to support Jet Parts Engineering organic growth initiatives and acquisition strategy. 

A Thriving Partnership


Vance Street’s initial investment in JPE dates back to July 2018. Since then, Jet Parts Engineering has not only met but exceeded expectations.

The company’s proactive approach has been evident in the accelerated pace of new product introductions, the development of proprietary repair capabilities, substantial investments in cutting-edge infrastructure and systems, the establishment of a robust management team, and the successful completion of four add-on acquisitions.

This enduring partnership recently witnessed a landmark through a single-asset secondary transaction, paving the way for a continuation fund infused with new capital. The primary purpose is to fortify Jet Parts Engineering’s organic growth initiatives and fuel its ambitious acquisition strategy.

Etihad affiliate link banner

Jet Parts Engineering Comments


Anu Goel, Founder and CEO of Jet Parts Engineering, expressed gratitude for Vance Street’s pivotal role, stating, “Vance Street has been a fantastic growth partner for our company. They shared our long-term strategic vision and invested accordingly.”

“Through our partnership with Vance Street, we have evolved into a full-service provider to the industry, seamlessly combining the strengths of PMA, DER, and MRO to offer our customers a compelling value proposition.”

“We are thrilled to continue working closely with the Vance Street team as we embark on the next chapter of growth.”

Vance Street Comments


Brian Martin, Managing Partner at Vance Street, echoed the sentiment, highlighting the excitement surrounding the recent transaction.

“We are very excited to announce this transaction. It allows us to deliver an outstanding outcome to our investors while extending our investment in a great company led by a great team.”

Nic Janneck, Partner at Vance Street, affirmed that Jet Parts Engineering is poised for continued growth.

“Jet Parts is well positioned to continue its impressive growth trajectory. We’re excited to expand the Company’s proprietary parts catalogue, develop new capabilities, and make strategic acquisitions to continue to build this leading aftermarket platform.”

Looking Ahead


As Jet Parts Engineering charts its course for the future, this strategic partnership provides the financial impetus to propel the company forward.

The infusion of fresh capital, coupled with Vance Street’s unwavering support, sets the stage for a dynamic expansion.

The focus remains on enhancing the proprietary parts catalogue, fostering innovation, and strategically acquiring assets that further solidify Jet Parts Engineering’s standing as a leading aftermarket platform.

About JPE

Founded in 1994 and headquartered in Seattle, WA, JPE is a leading provider of proprietary, aftermarket solutions for the commercial aerospace industry. 

The Company has deep engineering experience in developing proprietary, OEM-alternative PMA parts and DER repairs as well as MRO services, with a growing portfolio of intellectual property protected by FAA regulations. 

JPE delivers a compelling value proposition, offering lower costs and better service to a diversified customer base of blue-chip airlines, cargo providers and MROs.

Did you know AviationSource has two newsletters? One covers the general news and analysis of the industry as a whole, and the other to do with emergencies that take place throughout the year! To subscribe to our General News Newsletter, CLICK HERE!
To subscribe to our Emergencies, Accidents & Incidents Newsletter, CLICK HERE!

Click the photo to join our WhatsApp channel so then you can stay up to date with everything going on in the aviation industry!

TAGGED:

King Abdulaziz International Airport receives first flight from Turkmenistan

Saudi Arabia's King Abdulaziz Airport has seen the first commercial flight arrive from Turkmenistan, opening avenues of economic and cultural

Len Varley By Len Varley

London Gatwick: New Chinese Services

London Gatwick (LGW) has announced that this coming summer season, the airport will have new Chinese services. This article will

Jamie Clarke By Jamie Clarke

Ryanair moves aircraft and staff in response to Dublin Airport traffic cap

Ryanair will redirect three aircraft, 16 routes, and relocate over 200 jobs to Southern Italy due to the restrictions imposed

Len Varley By Len Varley

Biden administration releases nearly $1B in grants for US airport improvements

An investment of $970 million from President Biden’s Bipartisan Investing in America agenda will be allocated to US airport upgrades

Len Varley By Len Varley
Seattle-based Jet Parts Engineering has received a fresh capital fund injection from Vance Street Capital to drive its further growth.
You Might Also Enjoy