GenNx360 Capital Partners Announces Acquisition of Precision Aviation Group, Inc.
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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 Precision Aviation Group
Precision Aviation Group is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With 12 Repair Stations, and over 450,000-square-feet of sales and service facilities in the United States, Canada, Australia, Singapore, 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®).
PAG provides MRO and Supply Chain Solutions for Fixed- and Rotary-wing aircraft through: Precision Heliparts – PHP (www.heliparts.com); Precision Aircraft Services – PAS (www.pas-pag.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); Precision Heliparts Singapore (PHP-S); 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).