Janes Capital Partners Advises Precision Fuel Components on its sale to VSE Corporation (NASDAQ: VSEC)
Irvine, CA (February 7, 2023) – Janes Capital Partners advised Precision Fuel Components (“PFC”) on its sale to VSE Corporation. The transaction closed on January 31, 2023.
Founded in 2001, Washington-based Precision Fuel Components is a market-leading provider of MRO services for engine accessory and fuel systems supporting the business and general aviation (“B&GA”) market. Precision Fuel specializes in supporting small turbine rotorcraft fuel controls, governors, sensors, bleed valves and fuel pumps, along with radial engine components for RR250, LTS101, PT6, TPE331 and Bendix-Stromberg Carburetors. The Company is FAA Air Agency, FAA Op Spec A003 and FAA A449-2 certified and is a member of the Honeywell Authorized Warranty and Repair Station (AWARS) network.
VSE Corporation operates as a diversified aftermarket products and services company. The company operates through three segments: Aviation, Fleet, and Federal and Defense. Precision Fuel Components will operate under the Aviation segment which provides international parts supply and distribution, supply chain solutions, and component and engine accessory maintenance, repair and overhaul (MRO) services. This segment serves commercial airlines, regional airlines, cargo transporters, MRO integrators and providers, aviation manufacturers, corporate and private aircraft owners, and fixed-base operators (FBOs).
Lou Mills, President of PFC’s ownership group, said, “Janes Capital Partners’ performance was outstanding. Their dedication, focus and professionalism were both noteworthy and comforting. They employed a disciplined process, provided invaluable insight and capitalized on an extensive network of industry contacts. Janes Capital Partners delivered a perfect buyer from among a number of interested parties resulting in a transaction that exceeded our expectations.”
Karr Tuttle Campbell served as legal counsel to Precision Fuel Components, LLC and Jones Day served as legal counsel to VSE Corporation.
About Janes Capital Partners
Based in Irvine, CA, Janes Capital Partners is a leading investment banking firm focused solely on the Aerospace and Defense industry. The firm provides mergers and acquisition advisory services and assists clients in executing growth strategies and liquidity events. The members of Janes Capital Partners have completed more than 80 successful A&D transactions and $5.5 billion in closed transaction value. Securities transactions are conducted through JCP Securities, Inc., a registered Broker/Dealer, member FINRA/SIPC, and registered Investment Advisor.
Janes Capital Partners is an independent financial advisory firm that is affiliated with Oaklins International Inc. Oaklins is the world’s most experienced mid-market M&A advisor, with 850 professionals globally and 15 dedicated industry teams in 45 countries.