13/06/2008 JSSI SHIFTS OWNERSHIP FOR THE FUTURE
Jet Support Services, Inc. (JSSI®) announced that R.H. Book LLC and 1848 Capital Partners LLC, two leading private equity firms, 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.