Florida-based component provider CRS Jet Spares has new ownership and leadership who plan to inject new capital, as well as update and evolve its available inventory, build on partnerships, and integrate new technology into the nearly 38-year-old company founded by the late Armando Leighton Jr. Its new ownership includes primary owner Andrew Sherrill and CEO Milan Cvejic.
“The CRS team and its unwavering focus on providing solutions for each and every customer is what attracted us from an investment perspective,” said Cvejic. “Working with our team and surveying the industry, we’ve built a strategic plan that is both true to the tremendous history of the company and also very much forward-thinking.”
Cvejic is the founder of private investment firm The Sina Group and an expert in investment strategy, buyouts, business development, and mergers and acquisitions. Sherrill is the former CEO and chairman of Capsa Healthcare, which specializes in the manufacture of medical carts and cart technology. “I see many similarities in CRS and Capsa, as both had a great foundation and history with significant opportunity for market share growth—both organic and through acquisition,” said Sherrill. “The team and that history provide confidence in the future of CRS, and we are committed to building on our inventory and offerings through aircraft acquisition, partnerships, and evolved sales channels.”
CRS specializes in replacement and repaired parts supporting a range of business aircraft types, including Bombardier (Challenger, Learjet, and Global Express), Gulfstream, Falcon, Hawker, Beechjet, and Astra.