M&A Deal Summary

GTCR and Genstar Capital Acquire JSSI

On November 19, 2020, private equity firms GTCR and Genstar Capital acquired aerospace company JSSI

Acquisition Highlights
  • This is GTCR’s 2nd and Genstar Capital’s 1st transaction in the Aerospace sector.
  • This is GTCR’s 112th and Genstar Capital’s 86th transaction in the United States.
  • This is GTCR’s 17th and Genstar Capital’s 5th transaction in Illinois.

M&A Deal Summary
Date 2020-11-19
Target JSSI
Sector Aerospace
Buyer(s) GTCR
Genstar Capital
Deal Type Recapitalization
Advisor(s) RBC Capital Markets (Financial)
Akerman (Legal)

Target

JSSI

Chicago, Illinois, United States
JSSI is an independent provider of maintenance programs to the aviation industry, covering virtually all makes and models of aircraft, engines, and APUs. The company provides its customers with comprehensive, flexible, and affordable financial programs and tools for managing the often unpredictable costs of operating and maintaining business and commercial jets, turboprops, and helicopters. JSSI was founded in 1989 and is based in Chicago, Illinois.

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Buyer(S) 2

Buyer

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 116 of 141
Sector (Aerospace) 2 of 2
Type (Recapitalization) 6 of 6
State (Illinois) 17 of 20
Country (United States) 112 of 136
Year (2020) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-19 Maravai

San Diego, California, United States

Maravai’s mission is to build a transformative company in the in vitro diagnostics and life sciences tools markets by acquiring outstanding businesses in these spaces and accelerating their growth. Maravai was founded in 2020 and is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Riverchase Dermatology and Cosmetic Surgery

Fort Myers, Florida, United States

Riverchase Dermatology and Cosmetic Surgery is a provider of dermatology and cosmetic services, offering advanced treatment options for skin cancer, general dermatology, and cosmetic procedures. Riverchase Dermatology and Cosmetic Surgery was established in 2000 and is headquartered in Fort Myers, Florida.

Sell -
Buyer

Genstar Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 49.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Genstar Capital is a private equity firm that seeks investments in life science, healthcare, medical products, industrial technology, software, financial services, packaging, building materials, manufacturing, and business services companies. Genstar looks to invest between $50 and $400 million of equity capital in businesses valued up to $1 billion. Target transaction situations include control-oriented leveraged buyouts of corporate divisions, privately held businesses or public companies, minority investments in privately held businesses or public companies, ownership restructurings/recapitalizations of privately held businesses, growth equity financings, partnerships with other strategic or financial buyers, and take privates. Genstar Capital was formed in 1988 and is based in San Francisco, California.

DEAL STATS #
Overall 93 of 108
Sector (Aerospace) 1 of 1
Type (Recapitalization) 6 of 7
State (Illinois) 5 of 5
Country (United States) 86 of 100
Year (2020) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 ISS

Rockville, Maryland, United States

Institutional Shareholder Services, Inc. is a provider of corporate governance and responsible investment (RI) solutions for asset owners, asset managers, hedge funds, and asset service providers. ISS’ solutions include objective governance research and recommendations; RI data, analytics, advisory, and research; end-to-end proxy voting and distribution solutions; turnkey securities class-action claims management (provided by Securities Class Action Services, LLC); and reliable global governance data and modeling tools. Clients rely on ISS’ expertise to help them make informed corporate governance and responsible investment decisions. Institutional Shareholder Services was formed in 1985 and is based in Rockville, Maryland.

Sell $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Infinite Electronics

Irvine, California, United States

Infinite Electronics is a supplier of engineering-grade radio-frequency technology products, operating under its proprietary brands for a global engineering base. IRF serves the high urgency, technical needs segment of the global RF component market, and differentiates itself through a broad selection of RF components available for same-day shipping, custom cable design and assembly capabilities for 250,000+ unique configurations, and significant technical expertise in bringing new products to the market and providing solutions for R&D engineers. Infinite Electronics was formed in 1972 and is based in Irvine, California.

Sell -
Mergr

Product

Company

Legal