GTCR Partners with CEO To Recapitalize JSSI | Aviation International News

Maintenance and Modifications

GTCR Partners with CEO To Recapitalize JSSI

JSSI CEO Neil Book and family will retain a minority stake in the company following the closing of the deal with private equity firm GTCR.

By Jerry Siebenmark • Senior Editor

November 20, 2020

Private equity firm GTCR will take a majority stake in Jet Support Services (JSSI) in what officials are calling a recapitalization of the provider of power-by-the-hour maintenance programs and technical support services to business aviation operators. Under the deal, financial terms of which weren’t disclosed, JSSI CEO Neil Book and family will retain a “significant” minority stake in the company. "I’m so pleased to announce our partnership with GTCR, a proven winner in the business aviation industry. Both organizations are hyper-focused on growth and innovation. I’m excited to see what we can achieve together.” The deal is expected to close in the current fourth quarter.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

Become a Member

Already a member? Sign In

FAA Clears Lithium Battery for Gulfstream Jets

First installation set for end of September

Maintenance and Modifications

An image of True Blue Power's lithium ion battery against a white background

Summit Highlights St. Louis Aero MRO and Manufacturing

Panel participants included Boeing, Gulfstream Aerospace, and West Star Aviation

Maintenance and Modifications

Panel session at Global Aerospace Summit

Building Interiors at Yingling Aviation

What began 22 years ago as a Caravan project is now a busy multimillion-dollar business

Maintenance and Modifications

Angie Saggerson, senior director of interior completions at Yingling Aviation

Stevens Aerospace Joins Epic Aircraft Service Network

MRO services for E1000 turboprops available at company’s Denver location

Maintenance and Modifications

Epic E1000GX taxiing

Duncan Adds Gogo 5G to Company Citation Excel

Executives share their experience with system

Maintenance and Modifications

Duncan Aviation Gogo 5G connectivity-equipped Cessna Citation 560XL.

Australian Regulator Approves Textron Service Centers

Textron operates service centers in Melbourne, Perth, and Gold Coast

Maintenance and Modifications

Textron Aviation Melbourne service center

C&L Aerospace Tapped for Challenger Flutter Damper Mx

The company was selected by OEM Héroux-Devtek

Maintenance and Modifications

Flutter damper units

Avcon Delivers Aerial Weapon in Florida Mosquito Fight

The Kansas-based company specializes in modifying airframes

Maintenance and Modifications

Modified Beechcraft King Air B200