Precision Aviation Group (PAG) to Acquire PTB Group

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 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.

Precision Aviation Group Acquires World Aviation Corporation

January 28, 2020

Aerospace & Defense

Precision Aviation Group, Inc. (PAG), a GenNx360-backed aerospace MRO platform, has acquired Toronto-based World Aviation Corporation (WAC), a specialist in the rewind and repair of rotary and static electrical generator and motor sub-components. The deal expands PAG's MRO capabilities and Canadian footprint (adding a Toronto location and roughly 60 skilled technicians), supporting PAG's broader growth strategy under GenNx360.

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.

Precision Aviation Group (GenNx360 Portfolio Company) Acquires Keystone Turbine Services

May 24, 2021

Aerospace & Defense

Precision Aviation Group, a GenNx360 portfolio company, has acquired Keystone Turbine Services (KTS) of Coatesville, Pennsylvania to expand its aerospace MRO capabilities into the Rolls‑Royce M250 engine. The acquisition increases PAG's repair station footprint and diversifies its aftermarket services, while GenNx360 supports the transaction as PAG's controlling private equity sponsor.

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.