Aviation intelligence firm JetNet (Booth 1236) has announced that it has agreed to acquire aviation valuation firm Asset Insight, creator of the eValues real-time valuation tool.
JetNet said the acquisition is likely one of several upcoming transactions that will leverage a recent majority investment led by Silversmith Capital Partners, a Boston-based private equity firm with $3.3 billion under management. “We’ve had the opportunity to work with Asset Insight as a partner over the course of many years and know how strategic the company’s valuation and cost-of-ownership products are to our customer base,” said JetNet CEO Greg Fell.
“Asset Insight and JetNet share a vision to simplify and improve the overall aircraft ownership experience for customers," said Tony Kioussis, Asset Insight president and CEO. “Decision-makers in the aviation industry use JetNet’s data and market intelligence as an essential part of their daily operations. We look forward to joining the JetNet team to help bolster its product offerings and provide even more value to our shared customer base.”