Private equity firm GenNx360 Capital Partners has announced its acquisition of Precision Aviation Group, Inc. (“PAG”), effective July 26, 2018. the company said.
PAG is a 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 said GenNx360´s industry experience, OEM relationships, and operational expertise will allow the company to enhance its current suite of products and services.
Financial terms of the transaction were not disclosed.
GenNx360 Capital Partners is focused on acquiring middle market business services and industrial companies. GenNx360 invests in companies with proven and sustainable business models in expanding industries with the objective of implementing the required operating changes to deliver cost efficiencies, accelerate growth, and generate strong financial returns.
Precision Aviation Group, Inc. is a provider of products and value-added services to the worldwide aerospace and defense industry. With nine locations and more than 260,000-square-feet of sales and service facilities in the United States, Canada, Australia, Brazil, and Singapore, 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 (ISMROÂ®) services.