Blackstone Credit & Insurance Recapitalizes Jet Support Services (JSSI)

JSSI Acquires SierraTrax

June 29, 2021

Aerospace & Defense

Jet Support Services, Inc. (JSSI) has acquired SierraTrax, a provider of aircraft maintenance tracking software, to add digital maintenance-tracking capabilities to its suite of business aviation services. The move expands JSSI’s software offerings and combines SierraTrax’s modern platform with JSSI’s extensive maintenance data and program coverage; GTCR is the majority investor in JSSI.

JSSI Acquires TRAXXALL

December 14, 2021

Cloud & SaaS

Jet Support Services, Inc. (JSSI) has acquired TRAXXALL, a Montreal-based provider of SaaS aircraft maintenance tracking and parts inventory management. The deal brings TRAXXALL into JSSI's SaaS division to accelerate JSSI's digital offerings and expand its maintenance-tracking capabilities for business aviation customers.

Balance Point Provides Debt Financing to John Staurulakis (JSI)

May 9, 2024

Telecommunications

Balance Point Capital Advisors provided debt financing to John Staurulakis, LLC (JSI), a portfolio company of Stone-Goff Partners, to refinance existing credit facilities, fund a shareholder distribution, and supply capital for future acquisitions. The financing supports JSI's continued growth as a full-service consulting provider to rural broadband and telecommunications operators nationwide.

H.I.G. Capital Acquires STS Aviation Group from Greenbriar Equity Group

October 8, 2024

Aerospace & Defense

An affiliate of H.I.G. Capital has completed a strategic equity acquisition of STS Aviation Group from Greenbriar Equity Group. STS’s executive team will remain in place and as significant shareholders while H.I.G. positions the business for global expansion, capability growth, and potential add-on acquisitions in the aviation MRO and parts-distribution market.

Wynnchurch Capital Acquires Majority Stake in Industrial Service Solutions

December 5, 2022

Industrial Services

Wynnchurch Capital has acquired a majority ownership in Industrial Service Solutions (ISS) from Edgewater Funds and JZ Capital Partners, with Edgewater and JZ retaining minority stakes. The recapitalization will support ISS's continued organic growth and acquisitive expansion of its national industrial MRO platform headquartered in Houston, Texas.

Stone‑Goff Continuation Fund Acquires Majority Interest in John Staurulakis (JSI)

September 7, 2022

Telecommunications

Stone‑Goff Partners II CF, LP, a GP‑led continuation fund sponsored by Stone‑Goff Partners, acquired a majority interest in John Staurulakis, LLC (JSI) in a secondary/recapitalization transaction. Pantheon was the lead investor in the continuation fund and was joined by abrdn Private Equity and reinvesting Stone‑Goff LPs/GPs; the recapitalization provides capital for JSI to pursue additional acquisitions and organic growth.