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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.

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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 designs proprietary OEM-alternative parts and provides repair services for the commercial aerospace industry. The company offers proprietary aftermarket replacement components, known as Parts Manufacturer Approval (PMA) parts, along with complementary proprietary component repair services, referred to as Designated Engineering Representative (DER) repairs. Jet Parts Engineering was founded in 1994 and is based Seattle, Washington.

DEAL STATS #
Overall 4 of 6
Sector: Aerospace M&A 4 of 6
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 4 of 5
Year: 2024 M&A 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.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-17 Cima Aviation

Doral, Florida, United States

Cima Aviation specializes in maintenance, repair, and overhaul (MRO) services for aviation components. Cima Aviation is based in Doral, Florida.

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 M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1
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