Jet Parts Engineering (JPE), a developer of PMA parts, DER repairs and MRO services for commercial aircraft announced the acquisition of Percival Aviation, a privately owned company specializing in high-speed design, production, and maintenance of aircraft interiors and associated equipment. This strategic acquisition enhances JPE’s capabilities, enabling the provision of comprehensive solutions to meet the evolving needs of customers worldwide.
“Percival aligns with JPE’s mission to reduce airline aftermarket costs. We are excited to collaborate with Chris Bench and his impressive teams in both the UK and US,” said Anu Goel, CEO of Jet Parts Engineering. “Percival’s expertise in aircraft interiors complements our existing services, allowing us to offer a more extensive range of high- quality competitively priced products and services to the industry. Their commitment to strong service and ready inventory aligns closely with JPE’s core values.”
Percival Aviation, based in Fareham, Hampshire, UK specializes in aircraft interiors and associated equipment. The company has been undergoing a significant growth plan to expand its overseas presence, aiming to be the aviation industry’s supplier of choice for aircraft interiors.
“Today marks an exciting new chapter for Percival Aviation as we join forces with Jet Parts Engineering, we look forward to leveraging our combined strengths, innovating together, and delivering even greater value to our customers and stakeholders,” said Chris Bench, managing director of Percival Aviation. “Utilizing both Percival and JPE’s regulatory approvals, this acquisition opens up tremendous opportunities for growth, and we are thrilled about the future we will build together.”
The transaction was overseen by Vance Street Capital, 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.
“Percival embodies the engineering expertise, operational excellence, quality delivery and fast turn times that Jet Parts and Vance Street seek in a partnership.”, said Will Robinson, VP at Vance Street. “We look forward to contributing to their future growth.”