Sat, Jun 14, 2008
Ownership Shift For Future Growth
Jet Support Services, Inc. (JSSI)
announced this week private equity firms R.H. Book LLC and 1848
Capital Partners LLC have acquired the company. The agreement,
reached between the shareholders of JSSI and Bob Book, Chairman of
R.H. Book LLC, and principals of 1848 Capital Partners LLC, was
finalized at the end of May.
The new owners plan to expand JSSI's market share and broaden
the company's extensive line up of hourly cost maintenance
guarantee programs for business aircraft engines and airframes.
"We have grown this business from an idea and a few partners to
over one hundred dedicated employees and more than fourteen hundred
great customers," commented John F. Haskins, President and CEO of
JSSI since its inception in 1989. "Our success will only continue,
along with the service and commitment level from the entire JSSI
team."
"We are very excited about the potential we see to expand the
JSSI enterprise," explained Joseph DaGrosa, Jr., a Partner of 1848
Capital Partners LLC. "The success that JSSI has experienced
indicates the superb leadership and customer focus they have
provided over the years. We will continue to build on the JSSI
reputation and vision for the future."
JSSI began 19 years ago by offering turbine engine programs and
subsequently expanded into entire airframe coverage with its
Tip-To-Tail series. The company states it is the only independent
provider of hourly cost maintenance programs for aircraft engines
and airframes.
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