CLEVELAND -- TransDigm Group Incorporated has finalized its acquisition of Jet Parts Engineering and Victor Sierra Aviation Holdings from Vance Street Capital. The transaction, valued at approximately $2.2 billion in cash, expands the aerospace giant’s footprint in the independent aftermarket and proprietary parts sector.
The acquisition was funded through a combination of existing cash reserves and proceeds from debt offerings TransDigm completed in February 2026. This closing follows an initial purchase agreement reached between the parties in mid-January.
Jet Parts Engineering, based in Seattle, Washington, specializes in the design and manufacture of proprietary alternative parts for the commercial, regional, and cargo aviation markets. The company focuses on Parts Manufacturer Approval (PMA) components, which serve as engineered alternatives to original equipment manufacturer parts. Jet Parts Engineering employs roughly 300 people across several locations, including facilities in Texas, New York, Florida, Alabama, and the United Kingdom.
Victor Sierra Aviation Holdings operates as a designer and distributor of aftermarket parts with a focus on general and business aviation. Its portfolio includes brands such as McFarlane Aviation, Tempest Aero Group, and Aviation Products Systems. The company maintains three primary operations in Kansas, North Carolina, and Illinois, along with several satellite support sites. It has a workforce of approximately 400 employees.
Financial reports indicate that the two acquired entities generated a combined revenue of approximately $280 million during the 2025 calendar year. The vast majority of this revenue is derived from the commercial aftermarket, where the companies provide high-engineered components and repair services to airlines and maintenance providers.
The acquisition further consolidates TransDigm Group Incorporated’s position in the aerospace aftermarket. By bringing Jet Parts Engineering and Victor Sierra Aviation Holdings into its portfolio, the company adds a wider range of proprietary replacement parts used to maintain aging aircraft fleets. Demand for Parts Manufacturer Approval components has grown as airlines and business aviation operators look for lower-cost alternatives to original equipment parts amid rising operating expenses. The deal strengthens TransDigm’s presence in the secondary market and adds recurring revenue streams that are typically less affected by fluctuations in new aircraft production.