M&A Deal Summary

Jet Parts Engineering Acquires AeroSpares

On December 22, 2020, Jet Parts Engineering acquired aerospace company AeroSpares

Acquisition Highlights
  • This is Jet Parts Engineering’s 2nd transaction in the Aerospace sector.
  • This is Jet Parts Engineering’s 2nd transaction in the United States.
  • This is Jet Parts Engineering’s 1st transaction in Florida.

M&A Deal Summary
Date 2020-12-22
Target AeroSpares
Sector Aerospace
Buyer(s) Jet Parts Engineering
Deal Type Add-on Acquisition

Target

AeroSpares

Orlando, Florida, United States
AeroSpares, Inc. designs and sells proprietary aftermarket replacement components, known as Parts Manufacturing Approval (“PMA”) parts. Its portfolio consists of more than 30 PMAs, primarily focused on highly engineered pressure switches for the commercial and cargo markets. AeroSpares was founded in 1993 and is based in Orlando, Florida.

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Buyer(S) 1

Buyer

Jet Parts Engineering

Seattle, Washington, United States
Category Company
Founded 1994
Sector Aerospace
DESCRIPTION

Jet Parts Engineering is a designer of proprietary OEM-alternative parts and repair services for the commercial aerospace industry. JPE provides proprietary aftermarket replacement components, known as Parts Manufacturing Approval (“PMA”) and complementary proprietary component repair services, known as Designated Engineering Representative (“DER”) repairs. JPE’s PMA parts and DER repairs deliver significant cost savings to its commercial airline and MRO customers. Jet Parts Engineering was founded in 1994 and is based Seattle, Washington.

DEAL STATS #
Overall 2 of 4
Sector (Aerospace) 2 of 4
Type (Add-on Acquisition) 2 of 3
State (Florida) 1 of 1
Country (United States) 2 of 4
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 Aero Parts Mart

Fort Worth, Texas, United States

Aero Parts Mart, Inc. designs and sells proprietary aftermarket replacement components, known as Parts Manufacturing Approval (“PMA”) parts. Aero Parts Mart was founded in 1999 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 NEACO

Bohemia, New York, United States

NEACO is an aerospace component repair business focused on complex pneumatic, hydraulic and electro-mechanical parts in commercial and cargo aircraft. The business has a history of solving complex problems for its airline partners, organically growing their service offering by developing unique repair and testing processes approved by the FAA. NEACO was formed in 1989 and is based in Bohemia, New York.

Buy -
Mergr

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