Maintenance and Modifications
TransDigm Expands PMA Portfolio with $2.2B Deal
Transaction subject to U.S. regulatory approvals
workers in a factory setting
© TransDigm website

TransDigm Group is acquiring Jet Parts Engineering and Victor Sierra Aviation Holdings in a cash transaction valued at approximately $2.2 billion, including certain tax benefits. Portfolio holdings of Vance Street Capital, the two companies collectively generated about $280 million in revenue last year. The acquisition is subject to regulatory approvals in the U.S. and customary closing conditions.

Jet Parts Engineering, headquartered in Seattle, designs and manufactures proprietary FAA PMA parts and repair solutions primarily for aircraft fleet operators, as well as MRO providers. The company employs about 300 people and derives nearly all of its revenue from the commercial aftermarket.