Finance, Taxes, Insurance
New Ownership Spurs JetNet Expansion
The company has bought three data providers over the past year
JetNet's research floor
The heart of the JetNet operation is its research floor where approximately 50 staffers maintain contact with thousands of business aircraft owners and operators. (Photo: Curt Epstein/AIN)

It’s been a year of change for industry data provider JetNet. As the company celebrates its 35th anniversary, for the first time in that span it is under new ownership, with a private investment firm acquiring it from the family of its founder, the late Vincent Esposito Sr.

“Last year the Espositos really came to the conclusion that they had taken the company about as far as they could and that JetNet needed to be in the hands of someone with greater resources than they had to take it to the next level,” explained Paul Cardarelli, the Utica, New York-based company’s v-p of sales. “Approximately one year ago the transition was made, and JetNet was purchased by Silversmith Capital Partners out of Boston.”

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