Simpson Thacher represented Genstar Capital Partners in connection with its investment in Jet Support Services, Inc. (“JSSI”). Genstar joins existing investor GTCR and JSSI's management team to support the company's next phase of growth. The transaction closed on November 10, 2022. The financial terms of the transaction were not disclosed.
JSSI delivers Hourly Cost Maintenance Programs to the business aviation industry, partnering with aircraft owners and operators to help stabilize aircraft costs, assure high quality maintenance and provide enhanced customer service. JSSI also offers maintenance tracking software, a global multi-channel parts distribution and engine leasing business, and a subscription-based aircraft operating cost and performance guide, providing synergistic benefits to aircraft operators.
The Simpson Thacher team included Michael Kaplan, Kristin Rulison, Jamie Lee and Will McKenna (M&A); Benjamin Rippeon and Edward Grais (Tax); Tristan Brown, Laura Gallo and Alli Sutherland (ECEB); Jessica Cohen and Benjamin Hart (Intellectual Property/Privacy); Peter Guryan, Kelly Karapetyan and James Goldfeier (Antitrust); and Étienne Renaudeau and Daniella Sinobad (Antitrust and Trade Regulation).