313 Equity Partners buys Toledo Jet Center

Citation XLS Garmn G5000 flight deck

Investment firm 313 Equity Partners has bought Toledo Jet Center. Toledo Jet Center offers aircraft maintenance at Fort Lauderdale in Florida and Toledo, Ohio.

Greg Fell who led the investment as a partner at 313 Equity Partners will become CEO of Toledo Jet Center. Fell was COO of Gama Aviation US and CEO of JetNet, is a partner at led the investment and will become CEO of Toledo Jet Center

“We are excited about the opportunities for Toledo Jet Center,” said Fell. “We believe Toledo Jet Center is positioned for significant growth. The former service center in Toledo is being upgraded with a new hangar door, enabling us to perform major inspections on larger aircraft. Coupled with our facility at Fort Lauderdale Executive Airport, we are committed to investing in the business to deliver world-class services at highly competitive rates, leveraging our heavy maintenance capabilities in the Midwest.”

Dave Corwin, the former president of Toledo Jet Center, will continue to serve as an advisor.

Toledo Jet Center was founded in 2009 when Textron closed its Citation Service Center Ohio. It offers maintenance and repair services for a range of aircraft including Cessna Citation, Learjet, King Air, Conquest, Jetstream, Hawker, Metro and others.