Vance Street Capital Agrees to Sell Jet Parts Engineering and Victor Sierra Aviation to TransDigm for $2.2 Billion

Core Insights - Vance Street Capital has signed a binding Stock Purchase Agreement to sell Jet Parts Engineering and Victor Sierra Aviation Holdings to TransDigm Group for $2.2 billion [1] Company Overview - Jet Parts Engineering, based in Seattle, is a leading independent designer and manufacturer of aerospace aftermarket solutions, including proprietary OEM-alternative parts and repairs, serving commercial, regional, and cargo airline customers, as well as MRO providers [2] - Victor Sierra Aviation Holdings, located in Baldwin City, Kansas, specializes in designing, manufacturing, and distributing proprietary PMA and aftermarket parts primarily for the general and business aviation sectors, encompassing brands like McFarlane Aviation and Tempest Aero Group [3] Investment Strategy - Vance Street's investments in Jet Parts and Victor Sierra were aimed at building a strong foundation for transformational growth, focusing on enhancing their portfolios of intellectual property, specialized parts, and repair services through investments in engineering resources and talent [4] - The partnership with the original founders of both companies has been pivotal in driving their growth and success over the past several years [5] Leadership Perspectives - Leadership from Vance Street expressed gratitude for the collaboration with Jet Parts and Victor Sierra, highlighting the commitment to solving engineering problems as a key driver of their success [5] - The CEOs of both Jet Parts and Victor Sierra acknowledged Vance Street's strategic vision and support, which facilitated significant expansion in product offerings and engineering capacity [6] Financial Advisory - Harris Williams is serving as the financial advisor, while Paul Hastings is the primary legal advisor for Jet Parts and Victor Sierra, with Baker Hostetler advising TransDigm [6]