Investment bank XLCS Partners acted as the exclusive advisor to Mitchell Aircraft on the sale of its parts manufacturer approval (PMA) division, Mitchell PMA, to Jet Parts Engineering (JPE) - a portfolio company of Vance Street Capital.
Mitchell PMA specialises in Federal Aviation Administration (FAA) approved airframe and accessory replacements parts. JPE develops PMA parts, as well as specialises in MRO services for commercial aircraft.
The transaction was completed on October 1, 2024.