M&A Deal Summary

Jet Parts Engineering Acquires Mitchell Aircraft - PMA

On October 7, 2024, Jet Parts Engineering acquired aerospace company Mitchell Aircraft - PMA from Mitchell Aircraft

Acquisition Highlights
  • This is Jet Parts Engineering’s 4th transaction in the Aerospace sector.
  • This is Jet Parts Engineering’s 4th transaction in the United States.
  • This is Jet Parts Engineering’s 1st transaction in Illinois.

M&A Deal Summary

Date 2024-10-07
Target Mitchell Aircraft - PMA
Sector Aerospace
Buyer(s) Jet Parts Engineering
Sellers(s) Mitchell Aircraft
Deal Type Divestiture

Target

Mitchell Aircraft - PMA

Cary, Illinois, United States
Mitchell Aircraft's PMA provided FAA-PMA-approved airframe and accessory replacement parts and grew a diverse catalog of over 170 parts, ranging from rudder balance weights to engine cooling hoses, to cargo door lanyards. Mitchell Aircraft's PMA is based in Cary, Illinois.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 4 of 4
Sector (Aerospace) 4 of 4
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS 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 -

Seller(S) 1

SELLER

Mitchell Aircraft

Cary, Illinois, United States

Category Company
Sector Aerospace
DESCRIPTION

Mitchell Aircraft specializes in the distribution of high-quality aircraft parts and services for airlines, cargo operators, and maintenance, repair, and overhaul (MRO) facilities. Mitchell Aircraft is based in Cary, Illinois.


DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Divestiture) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1