Precision Aviation Group (PAG) Acquires Aero Technology, Inc. (ATI)
Atlanta, GA – September 21, 2011 – Atlanta, GA – based Precision Aviation Group (PAG), exclusive provider of ISMRO® (Inventory Supported Maintenance Repair & Overhaul), announces the acquisition of Long Beach, CA based Aero Technology (ATI). ATI is a Global MRO Services provider of Accessories, Avionics, and Instruments to the Commercial Transport, Military and Regional Airline markets. ATI was the recipient of Boeing’s coveted Gold Supplier Award in 2009 & 2010 and Lufthansa’s 2010 MRO Excellent Supplier Award.
David Mast, President & CEO of PAG stated, “The acquisition of ATI diversifies PAG’s MRO capabilities, expands our operations into one of the largest aviation markets, and provides an additional platform for growth. We will be making significant Capital investments in Inventory and capabilities expansion to bring PAG’s suite of MRO services to ATI. This will include Wheels/Brakes, Hydraulics, and Electro-Mechanical accessories. These investments will give ATI the ability to enhance the services they provide to their customers, and allow PAG to expand its services to customers located on the West Coast.”
“We have worked closely with PAG’s management team over the last 6 months, and firmly believe that this is a great fit for ATI’s customers and employees – we are excited to be part of PAG,” said Mark Stemwedel, President of ATI. “We have mapped out a growth strategy for the next several years, and based on PAG’s track record – we are excited about the future”
About Aero Technology, Inc.: ATI (www.aerotechnology.org) is a Global MRO Services provider of Accessories, Avionics, and Instruments to the Commercial Transport, Military and Regional Airline markets. ATI was the recipient of Boeing’s coveted Gold Supplier Award in 2009 & 2010 and Lufthansa’s 2010 MRO Excellent Supplier Award. Located on Long Beach International Airport (LGB), ATI operates out of a 25,000 square foot facility, employs 38 personnel (including 18 Technicians) and holds FAA, EASA, and Airline Certifications.
About Precision Aviation Group
Precision Aviation Group (PAG) is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With 11 locations and more than 250,000-square-feet of sales and service facilities in the United States, Canada, Australia and Brazil, PAG uses its distinct business units and customer-focused business model to serve aviation customers through two business functions – Aviation Supply Chain, and its trademarked Inventory Supported Maintenance, Repair and Overhaul (ISMRO®) services.
PAG provides MRO and Supply Chain Solutions for Fixed- and Rotary-wing aircraft through: Precision Heliparts – PHP (www.heliparts.com); Precision Aviation Services – PAS (www.precisionaviationservices.com); Precision Accessories & Instruments – PAI (www.precisionaccessories.com); Precision Heliparts Canada – PHP-C (www.heliparts.ca); Precision Accessories & Instruments Canada – PAI-C (www.precisionaccessories.ca); PHP-Instruments & Accessories – PHP-LA (www.heliparts.la); Precision Heliparts – Latin America (www.precisionaviationgroup.com/php-br) Precision Aero Technology – PAT (www.precisionaerotechnology.com), Precision Heliparts – Australia – PHP-AU (www.precisionheliparts.com.au), Precision Accessories & Instruments – Australia (PAI-AU) (www.precisionaccessories.com.au) and Precision Aviation Controls, Inc. – PAC (www.precisionaviationcontrols.com). PAG subsidiaries have MRO capabilities on over 35,000 products, including accessories, avionics, engine components, hydraulics, instruments, NDT, starter/generators, and wheels/brakes (www.precisionaviationgroup.com).