Jet Parts Engineering Expands Services Through Dual Acquisitions of Cima and Percival Aviation

Jet Parts Engineering Expands Services Through Acquisitions

In a significant move poised to reshape the landscape of the aerospace aftermarket, Jet Parts Engineering (JPE) has announced the acquisition of two companies: Cima Aviation and Percival Aviation. These strategic acquisitions are expected to enhance JPE's service capabilities and further solidify its position as a key player in the aviation industry.

Strengthening Market Position

Founded in 2018, Jet Parts Engineering has rapidly established itself as a provider of PMA parts and MRO services tailored to the needs of the aviation market. By bringing Cima Aviation and Percival Aviation into its fold, JPE aims to offer even more comprehensive solutions to its diverse clientele, which includes commercial, cargo, regional, and military aircraft operators.

Cima Aviation, recognized for its specialized MRO services in fuel and hydraulic repairs, will bolster JPE’s existing capabilities. Known for its commitment to technical proficiency and customer service, Cima has built a reputation within the industry for delivering quick turnaround times on critical aircraft subsystems. This acquisition will allow JPE to enhance its repair service offerings and deliver greater value to its customers.

On the other hand, Percival Aviation, based in Fareham, Hampshire, UK, has made its mark in the aviation sector with its expertise in designing and manufacturing aircraft interior components. Percival is currently on a growth trajectory aimed at expanding its global presence and becoming the go-to supplier for engineered aviation interior solutions. Combining forces with JPE will enable Percival to take advantage of JPE's broad network and resources, facilitating further growth and innovation.

Commitment to Growth and Efficiency

Vance Street Capital, which invested in JPE back in July 2018, has played a critical role in enabling the company to increase its engineering resources and develop new repair capabilities. As part of its ongoing strategy, JPE has completed a total of seven add-on acquisitions, including these latest endeavors. The firm has not only supported JPE's growth initiatives but has also helped in enhancing operational efficiencies by enabling faster new part development and reducing lead times for customers.

According to Nic Janneck, a partner at Vance Street, these acquisitions are a significant milestone in JPE’s strategic vision. He stated, “The partnership with Cima and Percival will allow JPE to deliver even greater value through expanded service offerings, reduced turnaround times, and enhanced technical support.” This commitment to providing top-notch services aligns perfectly with JPE's mission to offer cost-effective and timely aftermarket solutions to the aviation industry.

Looking Ahead

With the integration of Cima and Percival, Jet Parts Engineering is expected to carry forward a legacy of innovation and quality in the aerospace sector. As the company continues to expand its service capabilities and invest in advanced technology and infrastructure, it is well-positioned to meet the evolving needs of the aviation market. This expansion not only cements JPE's status as a versatile MRO service provider but also reflects the growing demand for comprehensive maintenance solutions in the aviation industry.

In conclusion, JPE's acquisition of Cima Aviation and Percival Aviation represents a bold step towards becoming a more varied and complete service provider for the aerospace sector. As customers demand higher efficiency and reliability in aircraft maintenance, JPE is set to rise to the challenge, ensuring that it remains at the forefront of the MRO landscape.

For further details, you may contact:
Natalie Yates
Head of Business Development and Investor Relations
Email