VSE Corporation Agrees to Acquire Precision Aviation Group in $2.025 Billion Aviation Aftermarket Deal

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.

VSE Corporation Acquires Global Parts Group, Inc.

July 26, 2021

Aerospace & Defense

VSE Corporation (NASDAQ: VSEC) acquired privately held Global Parts Group, Inc. in an all-cash transaction valued at approximately $38 million. The deal brings Global Parts' airframe-focused distribution and hydraulics/pneumatics MRO capabilities in Augusta, Kansas into VSE Aviation, expanding VSE's product and repair offerings to the business & general aviation market and adding access to more than 3,000 B&GA customers and ~ $65 million of 2020 revenue.

VSE Corporation Acquires Precision Fuel Components

February 1, 2023

Aerospace & Defense

VSE Corporation has acquired Precision Fuel Components, LLC in an all-cash transaction that is immediately accretive to VSE's Aviation segment. Precision Fuel, a Washington-based provider of MRO services for engine accessories and fuel systems serving the B&GA and rotorcraft markets, expands VSE Aviation's specialty MRO capabilities and provides cross-selling opportunities into new rotorcraft and fixed-wing customers.

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.

Precision Aviation Group Acquires Turner Aviation

July 15, 2025

Aerospace & Defense

Precision Aviation Group (PAG), a portfolio company of GenNx360 Capital Partners, has acquired Turner Aviation, a Glasgow-based aviation maintenance, repair and overhaul (MRO) provider. The deal marks PAG's entry into the EMEA region and is the tenth add-on acquisition for PAG under GenNx360, expanding the platform's global MRO capabilities and technical footprint.

Precision Aviation Group Acquires Trace Aviation

August 11, 2021

Aerospace & Defense

Precision Aviation Group (PAG), a GenNx360 Capital Partners portfolio company, has acquired Trace Aviation Group of Jackson, Mississippi. The add-on expands PAG's landing gear MRO capabilities—particularly for Beechcraft King Air/1900 landing gear exchanges and overhauls—and gives Trace access to PAG's $50M rotable inventory to broaden product and service offerings.