M&A Deal Summary

Jet Parts Engineering Acquires NEACO

On December 1, 2022, Jet Parts Engineering acquired aerospace company NEACO

Acquisition Highlights
  • This is Jet Parts Engineering’s 3rd transaction in the Aerospace sector.
  • This is Jet Parts Engineering’s 3rd transaction in the United States.
  • This is Jet Parts Engineering’s 1st transaction in New York.

M&A Deal Summary

Date 2022-12-01
Target NEACO
Sector Aerospace
Buyer(s) Jet Parts Engineering
Deal Type Add-on Acquisition
Advisor(s) Campolo, Middleton & McCormick (Legal)

Target

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.

Search 214,239 Deals Now

SEARCH BY

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

Try Free

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 3 of 6
Sector: Aerospace M&A 3 of 6
Type: Add-on Acquisition M&A Deals 3 of 5
State: New York M&A 1 of 1
Country: United States M&A 3 of 5
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-07 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.

Buy -