Vance Street Capital, a Los Angeles-based private equity firm, has announced the recapitalization of Jet Parts Engineering (JPE), which designs proprietary OEM-alternative parts and repair services for the commercial aerospace industry. This is Vance Street’s fifth investment out of its second private equity fund. The terms of the transaction were not disclosed. Founded in 1994 and headquartered in Seattle, Washington, JPE provides proprietary aftermarket replacement components, known as Parts Manufacturing Approval (PMA) and complementary proprietary component repair services, known as Designated Engineering Representative (DER) repairs. As part of the transaction, Anu Goel, President of JPE, will continue to lead the
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