Jet Parts Engineering (JPE), a 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.
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.
