Jet Parts Engineering (JPE) has acquired Mitchell PMA, the PMA division of Mitchell Aircraft.
“We are excited to work closely with Doug Sebion and the Mitchell PMA team to continue to grow the excellent business they have built,” said Anu Goel, CEO of Jet Parts Engineering.
Goel continued: “The addition of Mitchell PMA will not only expand our PMA offering at Jet Parts but also strengthen our design and engineering capabilities. Mitchell also brings with it core values of strong service, low prices, and ready inventory that align closely with JPE’s values.”
Mitchell Aircraft - a parts distribution company - began its PMA group around ten years ago and is a provider of FAA-PMA approved airframe and accessory replacement parts, with a catalogue of over 170 parts.
Dick Sebion, chairman of Mitchell Aircraft and Greg Fletcher, vice chairman of Mitchell Aircraft commented: “We are excited to join the Mitchell PMA business with JPE and believe this will promote accelerated development and expansion of the product line, Mitchell Aircraft launched the PMA division under the guidance of Doug Sebion who will continue in that role joining the JPE team. Mitchell Aircraft will continue its journey as an OEM distributor, independent of the Mitchell PMA group.”
The transaction was overseen by middle market equity firm Vance Street Capital.