Market Overview

Vance Street Capital Partners with Jet Parts Engineering, Inc.


Fifth platform investment in Vance Street's latest fund leverages
the firm's expertise in aerospace and highly-engineered components

Vance Street Capital LLC, a Los Angeles-based private equity firm, today
announced the recapitalization of Jet Parts Engineering, Inc. ("JPE"), a
leading designer of 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. 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. JPE's PMA parts and DER repairs deliver significant cost
savings to its commercial airline and MRO customers.

As part of the transaction, Anu Goel, President of JPE, will continue to
lead the business in his current role and is retaining a material
ownership position in the company. "We are excited to partner with Vance
Street as we look toward our next chapter of growth," said Mr. Goel.
"Vance Street has a long track record in aerospace, understands our
business model and has the resources to support our growth aspirations."

Richard Crowell, Managing Partner at Vance Street commented, "The JPE
transaction embodies all of the key characteristics our firm looks for
in a deal – the opportunity to partner with a world-class management
team, a business with a strong position in a growing market, and a
business model that is 100% proprietary and aftermarket."

"Vance Street is always looking to partner with successful entrepreneurs
like Anu," added Nic Janneck, Vice President at Vance Street. "Over the
last 20 plus years, Anu and his team have built a great company known
for its engineering expertise. With Vance Street's additional support
and capital, JPE will be able to invest in the business, expand its
product and repair portfolio and continue to provide best-in-class
services to its customers."

Vedder Price LLP acted as legal advisor to Vance Street Capital. Vance
Street Capital partnered with limited partners MLC, Lexington Partners,
Neuberger Berman, and Private Advisors, all of whom co-invested equity
alongside Vance Street Capital in support of the transaction. Senior
debt was provided by Neuberger Berman. Harris Williams & Co. and Perkins
Coie LLP served as financial and legal advisors to Jet Parts.

About Vance Street Capital LLC

Vance Street Capital is a Los Angeles-based private equity firm which
invests in middle-market businesses in the aerospace, defense, medical
and industrial sectors. For over two decades, Vance Street's partners
have worked with management, family owners and other co-investors to
accelerate revenue growth, improve operations and acquire strategic
assets for the companies in their investment portfolio. For more
information please visit:

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