M&A Deal Summary

GTCR Acquires Jet Support Services

On November 19, 2020, private equity firm GTCR acquired aerospace company Jet Support Services, Inc.

Acquisition Highlights
  • This is GTCR’s 2nd transaction in the Aerospace sector.
  • This is GTCR’s 110th transaction in the United States.
  • This is GTCR’s 16th transaction in Illinois.

M&A Deal Summary

Date 2020-11-19
Target Jet Support Services, Inc.
Sector Aerospace
Buyer(s) GTCR
Deal Type Recapitalization
Advisor(s) RBC Capital Markets (Financial)
Akerman Senterfitt LLP (Legal)

Target

Jet Support Services, Inc.

Chicago, Illinois, United States
website
Jet Support Services, Inc. is an independent provider of maintenance programs to the aviation industry, covering virtually all makes and models of aircraft, engines, and APUs. JSSI 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. Jet Support Services was founded in 1989 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
SizeMega
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 115 of 121
Sector (Aerospace) 2 of 2
Type (Recapitalization) 6 of 6
State (Illinois) 16 of 17
Country (United States) 110 of 116
Year (2020) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-19 Sotera Health Co.

Broadview Heights, Ohio, United States

Sotera Health along with its business entities provides integrated protector of global health. With over 500 years of combined scientific expertise, the company ensures the safety of healthcare by providing mission-critical services to the medical device, pharmaceutical, tissue, and food industries. Sotera Health operates 61 facilities in 13 countries. The company has over 2,600 employees globally and touches the lives of more than 180 million people around the world each year. Sotera Health serves more than 5,000 customers worldwide, including 75 of the top 100 medical device manufacturers. Sotera Health was formed in 2017 and is based in Broadview Heights, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 Inteliquent, Inc.

Chicago, Illinois, United States

Inteliquent is a communication enablement platform offering nationwide wholesale communication services. The company provides easy-to-use voice, messaging and mobility solutions to the wireless, over-the-top app, VoIP and wireline communications companies that choose to focus on customer-facing applications and service rather than infrastructure management. Inteliquent combines an intuitive software-based application program interface with its nationwide network of physical switches and dedicated transport to offer its leading wholesale telecommunication services.

Sell $1.1B