Jet Parts Engineering (JPE), a leading PMA parts supplier, has announced the acquisition of AeroSpares. AeroSpares was founded in 1993 to provide airlines with alternate means of customer support, and focuses on reducing aircraft and engine direct and indirect costs with FAA approved replacement parts for a variety of large commercial aircraft.
“I’m excited to team up with Jet Parts Engineering. AeroSpares has focused our efforts on providing improved reliability with our products. Combined with the customer service, technical capabilities, and sales reach of Jet Parts, it will benefit everyone in the aviation aftermarket,” said Tom Webb of AeroSpares.
“Jet Parts Engineering is looking forward to partnering with Tom and AeroSpares. Tom is a true innovator in the aerospace business. Each of the parts Tom has designed imbeds technology that significantly improves the performance and reliability compared to the originally designed parts,” said Anu Goel, President of Jet Parts Engineering. “Tom and his team are leaders in the PMA development of pressure sensors and pressure switches. JPE is excited to offer these parts to our customers. Additionally, we look forward to having Tom work with our engineers to develop more PMAs in the pressure sensor and switch categories.”
The transaction was overseen by Vance Street Capital LLC, a middle-market private equity firm focused on investing in highly engineered solutions businesses across the aerospace and defense, industrial, and medical markets. JPE is a Vance Street Capital portfolio company.