Precision Aviation Group, Inc. (PAG) Acquires World Aviation Corporation (WAC)

January 21, 2020

inline_830_, GA – January 21, 2020 – Precision Aviation Group, Inc. (PAG), a leading provider of products and value-added services to the worldwide aerospace and defense industry announced today the acquisition of Toronto, Ontario based World Aviation Corporation (WAC). WAC specializes in the rewind and repair of rotary and static electrical (air and oil-cooled) generator and motor sub-components.

David Mast, President & CEO of PAG stated, “We are excited about the acquisition of WAC. The addition of WAC to PAG further diversifies our MRO capabilities by expanding our services into electric motor sub- component repairs. Our investment in WAC allows us to provide our customers with expanded support at our Repair Stations and will vastly increase the number of capabilities we have to reduce the costs associated with providing MRO services to our customer base. Additionally, WAC expands our footprint in Canada with the addition of this second location in Toronto (PAG also has a location in Vancouver) and will be able to enhance support of our customer base in this region of Canada. WAC has been a trusted supplier to PAG for almost 20 years, and we are excited to bring them on board as part of PAG.”

Moty Zeharia, President of WAC commented, “WAC is very enthusiastic about becoming part of PAG. They have been a key customer of ours for a very long time and have been great to work with. Now as a part of PAG, we will significantly expand our product and service offerings by making significant investments in new products, processes and repair capabilities. We have worked closely with the management team of PAG throughout the acquisition process and believe that this partnership will provide significant benefit to our customers, vendors, and employees.”

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 22 Repair Stations, and over 900,000-square-feet of sales and service facilities in the United States, Canada, Australia, Singapore, and Brazil – PAG’s 24 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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