Jet Parts Engineering (“JPE”) is an aftermarket company in the commercial aerospace sector offering hundreds of OEM-alternate parts. With the vision to expand its business & earn more clientele acquired Northeast Compressor (“NEACO”).
This acquisition of NEACO by JPE makes them a leader in the market by offerings with PMA parts, DER repairs & component repair capabilities. And to expand NEACO’s technical resources by investing in their Bohemia, NY facility. And offering a broad array of aftermarket services meeting market demands.
NEACO is one of the top component repair companies in the aerospace industry focused on complex pneumatic, hydraulic & electro-mechanical parts in commercial & cargo aircraft. It was founded in 1989 by Linda & Mike Gibson and growing organically since then by serving airline clients by solving complex problems.
In an industry where quality & reliability are a must, they have industry-leading pneumatic and hydraulic testing systems in-house to ensure high-quality standards. They developed unique repair and testing processes approved by FAA.
Anu Goel, CEO & Founder of JPE, says their team is thrilled to collaborate with NEACO, and Linda & Mike has built a terrific team. He said it is a huge opportunity to add the highly complementary portfolio of component repairs to their existing PMA and DER offerings.
‘Vance Street Capital’s partner Nic Janneck says they are excited to continue supporting the JPE team on their ownership of the fourth add–on.
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