PTAG Acquires Construct-X

Aecon Utilities Acquires Majority Stake in Xtreme Powerline Construction

July 2, 2024

Construction

Aecon Utilities Group Inc., a subsidiary of Aecon Group Inc., has acquired a majority interest in Xtreme Powerline Construction for a base purchase price of approximately US$73 million. The acquisition expands Aecon Utilities' U.S. electrical distribution capabilities and footprint — Xtreme, founded in 2007 and headquartered in Port Huron, Michigan, has ~300 employees and long-standing relationships with utility clients including DTE Energy.

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.

TEAM Technologies Acquires TAG3 Engineering

September 16, 2025

Medical Devices

TEAM Technologies, a portfolio company of Arlington Capital Partners, has acquired TAG3 Engineering LLC, a MedTech design, development, and manufacturing firm based in Sunrise, Florida. The add-on expands TEAM Tech's front-end design, regulatory/V&V, and product innovation capabilities to accelerate speed-to-market across cardiovascular, neurovascular and other minimally invasive device markets.

Precision Aviation Group Acquires ICON Aerospace and TAG Aero

September 30, 2024

Aerospace & Defense

Precision Aviation Group (PAG), a GenNx360 portfolio company, has acquired ICON Aerospace and TAG Aero, expanding PAG's avionics and engine (APU) repair-and-overhaul capabilities. The add-on deals bring ICON's avionics expertise (approx. 150 employees) and TAG's APU services (approx. 60 employees and four in-house test cells) into PAG's global MRO network.

AGCO and Trimble Form PTx Trimble Joint Venture (AGCO 85% Stake)

April 1, 2024

Agriculture

AGCO Corporation and Trimble have closed a joint venture to form PTx Trimble, combining Trimble's precision agriculture business with AGCO's JCA Technologies. AGCO acquired an 85% stake (Trimble holds 15%), will consolidate the JV into its financials, and expects the combined precision ag revenue to exceed $2.0 billion by 2028.

Xpansiv Acquires APX to Expand Environmental Commodity Infrastructure

August 1, 2022

Energy

Xpansiv has completed the acquisition of APX, a provider of registry infrastructure for energy and environmental markets, integrating APX’s registry capabilities into Xpansiv’s market infrastructure for carbon, RECs, water and other environmental commodities. The deal was enabled in part by a $400 million strategic investment in Xpansiv led by Blackstone Energy Partners; advisers on the transaction included Perella Weinberg Partners for Xpansiv and Goldman Sachs for APX.