Precision Aviation Group (PAG) to Acquire PTB Group
August 23, 2022
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.
- Targets
- PTB Group
- Platforms
- Precision Aviation Group, Inc.
- Industry
- Aerospace & Defense
- Location
- Queensland, Australia
- Transaction Type
- Addon
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