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.

FMI: www.askjssi.com