GenNx360 Capital Partners Announces Acquisition of Precision Aviation Group, Inc.

July 30, 2018

NEWS PROVIDED BY
GenNx360 Capital Partners 

NEW YORK, July 30, 2018 /PRNewswire/ — GenNx360 Capital Partners (“GenNx360”), a New York-based private equity firm which invests in middle market business services and industrial companies is pleased to announce its acquisition of Precision Aviation Group, Inc. (“PAG” or the “Company”), effective July 26, 2018. PAG, established in 1993, is a leading provider of maintenance, repair and overhaul (MRO) and supply chain solutions for fixed and rotary-wing aircrafts serving diverse end markets.  Headquartered in Atlanta, Georgia, the Company operates out of nine locations in the United States, Canada, Australia, Brazil and Singapore.

“PAG is a leading provider of MRO services with a talented management team and a lot of growth potential.” said Daphne Dufresne, the GenNx360 Managing Partner who led the transaction. “PAG operates in a space that we know well and can add value through our industry relationships and operating initiatives.  We look forward to working alongside management to capitalize on future growth opportunities.”

David Mast, President & CEO of PAG, commented, “We are excited about partnering with GenNx360.  Their industry experience, OEM relationships, and operational expertise will allow us to quickly enhance our current suite of products and services.  Additionally, we are now poised to pursue the multiple avenues of growth available to us and expand on our mission of providing industry leading Aviation MRO services.”

About PAG

Others Sell Parts, We Sell Support.

PAG is built on the trust of our customers, and our team members are an important part of our successful, growing business that is committed to customer service. We’ve built our legacy on our ability to respond and deliver the highest quality.

At PAG, employees get the exchange of talent, experiences, and resources of multiple companies all while working for one. With 24 Repair Stations, and over 1.2-million-square-feet of sales and service facilities in the United States, Canada, Australia, Singapore, and Brazil – PAG’s 26 locations and customer-focused business model serve aviation customers through Supply Chain and Inventory Supported Maintenance, Repair and Overhaul (ISMRO®) services. PAG is one of only 11 companies, outside of OEMs, to collectively hold all FAA certifications.

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