Precision Aviation Group, Inc. (PAG), a portfolio company of GenNx360 Capital Partners, has announced the acquisition of Toronto-based World Aviation Corporation (WAC), PAG´s second acquisition in just over four months, the company said.
This transaction represents the latest step in an aggressive expansion strategy by GenNx360 for PAG. In 2018, GenNx360 took a controlling interest in PAG, a provider of products and value-added services to the worldwide aerospace and defense industry.
oronto-based WAC specializes in the rewind and repair of rotary and static electrical (air and oil-cooled) generators and motor sub-components. The addition of WAC broadens PAG´s suite of services following the acquisition of Momentum, a global FAA Certified Part 145 Repair Station specializing in Aviation Cockpit Flat Panel Displays.
GenNx360 Capital Partners is a private equity firm focused on acquiring middle market business services and industrial companies.
Precision Aviation Group (PAG) has 11 locations, 9 repair stations, and over 300,000-square-feet of sales and service facilities in the United States, Canada, Australia, Singapore and Brazil.