Jet Parts Engineering (JPE), a leading PMA parts supplier, has reported the acquisition of Aero Parts Mart (APM). APM is a Fort Worth, TX-based engineering design company that provides cost-savings solutions through the design, production, and distribution of products to the regional segment of the aviation industry.
“It was critical that I find the right home for Aero Parts Mart; a home where the APM team and most importantly our customers would remain top priority,” remarked Steve Bowen, President of APM. “For over two decades, APM has built a reputation and brand synonymous with the core values of safety, quality, customer satisfaction, and innovation. Jet Parts Engineering shares these values, which are paramount to APM’s continued growth and success. I am truly excited to have found APM’s new home with JPE.” Bowen will maintain a leadership role with APM.
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.
