Seattle, WA – Jet Parts Engineering (JPE), a leading PMA parts supplier, announced 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.
Anu Goel, President of JPE, commented, “Jet Parts Engineering is excited to partner with the exceptional team at APM. Not only does APM match JPE’s strategy to continue expansion of PMAs along platforms and ATAs, but APM’s focus on quality and customer service aligns well with JPE’s focus in those areas. This union promises to make both JPE and APM stronger leaders in the regional aircraft PMA market.”
"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.” Mr. 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.