Percival Aviation's Landmark Sale to Jet Parts Engineering
Deal News | Mar 21, 2025 | Quercus Corporate Finance

Quercus Corporate Finance has successfully advised on the sale of Percival Aviation to US-based Jet Parts Engineering (JPE), a Vance Street Capital-backed firm. Established in 1978, Percival is a renowned provider in the aviation sector, specializing in aircraft interiors. This strategic acquisition aims to enhance JPE's service offerings in PMA parts development, DER repairs, and MRO services, reinforcing its stature in the global market. The transaction highlights Quercus's proficiency in managing deals within the aerospace, defence, and security sectors. The acquisition facilitates continued growth for Percival, leveraging the synergies with JPE to expand globally and providing a broader spectrum of solutions to the aviation industry.
Sectors
- Aerospace
- Private Equity
Geography
- United States – Jet Parts Engineering is based in the United States and acquired Percival Aviation.
- United Kingdom – Percival Aviation is a UK-based company involved in the transaction.
Industry
- Aerospace – The sale involves companies operating within the aerospace sector, specifically related to aircraft interiors and PMA parts development.
- Private Equity – Jet Parts Engineering is backed by Vance Street Capital, indicating involvement with private equity investment in the acquisition.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Percival Aviation | Target Company | Company | A company specializing in aircraft interiors, established in 1978. |
Jet Parts Engineering | Bidding Company | Company | A leading provider of PMA parts development, DER repairs, and MRO services. |
Quercus Corporate Finance | Advisor | Company | Provided advisory services for the sale of Percival Aviation. |
Vance Street Capital | Private Equity Backer | Company | Private equity firm backing Jet Parts Engineering. |
Neil Percival | Seller | Person | Shareholder of Percival Aviation. |
Michael Mortimor | Advisor | Person | Led the Quercus team advising on the sale. |
Tully Cornick | Advisor | Person | Involved in the Quercus team advising on the sale. |
Anu Goel | CEO | Person | CEO of Jet Parts Engineering. |
Chris Bench | CEO | Person | CEO of Percival Aviation. |