Precision Aviation Group Acquires Velocity Aerospace Group
March 15, 2022
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.
- Buyers
- Precision Aviation Group, Inc., GenNx360 Capital Partners
- Targets
- Velocity Aerospace Group
- Platforms
- Precision Aviation Group, Inc.
- Industry
- Aerospace & Defense
- Location
- Texas, United States
- Transaction Type
- Addon
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