Princeton Precision Group Acquires Tampa Bay Machining

Precision Aviation Group (PAG) to Acquire PTB Group

August 23, 2022

Aerospace & Defense

GenNx360-backed Precision Aviation Group (PAG) has signed a definitive agreement to acquire ASX-listed PTB Group, a provider of MRO services for Pratt & Whitney PT6 and Honeywell TPE331 engines, engine and airframe leasing, and aviation supply-chain services. The bolt-on is intended to expand PAG's engine services capabilities and supply-chain footprint across Australia and the United States and is expected to close in Q4 2022, subject to shareholder and regulatory approvals.

GCM Acquires Assets of Precision Swiss Products

January 7, 2025

Manufacturing

GCM, a portfolio company of Avista Healthcare Partners, acquired the assets of Precision Swiss Products (PSP), adding a state-of-the-art 50,000+ sq ft manufacturing facility in Wilmington, North Carolina. The asset purchase expands GCM's precision machining and micro-feature manufacturing capabilities and broadens its customer access across medical device, aerospace and semiconductor capital equipment markets.

PrecisionX Group Acquires MSK Precision Products, Inc.

August 27, 2024

Manufacturing

PrecisionX Group, a portfolio company of CORE Industrial Partners, has acquired MSK Precision Products, Inc., a Tamarac, Florida-based precision machining and assembly provider specializing in Swiss-style CNC turning. The add-on expands PrecisionX's specialty precision metal manufacturing capabilities, deepens its presence in medical and aerospace & defense end markets and adds East Coast capacity; Monroe Capital provided debt financing support and FOCUS Investment Banking represented CORE.

HCPI Portfolio Company Prince Industries Acquires Precision Shapes

February 8, 2023

Manufacturing

Prince Industries, a portfolio company of HC Private Investments (HCPI), has acquired Precision Shapes, Inc. (PSI), an AS9100-certified precision machining and sheet metal fabrication firm located on Florida’s Space Coast. The add-on strengthens Prince’s aerospace and defense capabilities and expands the combined company’s national manufacturing footprint; terms were not disclosed.

Precision Aviation Group Acquires Velocity Aerospace Group

March 15, 2022

Aerospace & Defense

Precision Aviation Group (PAG), a GenNx360 portfolio company, has acquired Velocity Aerospace Group, a Frisco, Texas-based provider of aviation MRO and manufacturing services. The deal adds three FAA repair stations in Burbank, Van Nuys and Ft. Lauderdale, brings roughly 140 employees, over 110,000 square feet of facilities and expands PAG's avionics, DER repair and manufacturing capabilities.

Novaria Group Acquires Precision Aero Corp (fusible plug business) from PPMG

July 16, 2025

Aerospace & Defense

Novaria Group has acquired Precision Aero Corp (PAC), the fusible plug and specialty aftermarket components business previously owned by Precision Products Machining Group (PPMG). PAC will continue to operate from its Troy, Ohio facility with existing site leadership, and the acquisition expands Novaria's portfolio of safety-critical aerospace components and material-science capabilities.