Case Study

Precision Aviation Group, Inc.

Precision Aviation Group (PAG) is the leading provider of aircraft component repairs and supports aviation aftermarket supply chain management. PAG operates 23 worldwide facilities, with FAA, EASA, CASA, ANAC, and Transport Canada Repair Certifications.

Headquarters

Atlanta, GA

Fund

Fund II

Acquired

2018

Company Website

www.precisionaviationgroup.com

Status

Active
Seeking strategic add-ons

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How GenNx360 partnered with the Company

Added avionics capabilities

Acquired Momentum in 2019

Invested in growth

Expanded facilities and capabilities. Increased earnings by 50%

Reduced customer downtime

24x7 customer fleet support. Strategically invested in high turn inventory

Insourced what we outsource

Acquired World Aviation in 2020

Transformative Organic Growth

Increased management bench strength

Expanded to 23 locations globally

Quadrupled EBITDA

Enhanced product capabilities

Increased addressable market by ~$40B

Aligned strategy to key products

7 Add-ons

Transaction Sourcing

Identified aerospace and defense as an attractive sector with recurring aftermarket revenue and MRO services
Differentiated in diligence based on past aviation MRO experience and the ability to close transaction quickly

Investment Highlights

Diversified aerospace service provider catering to defense, government, commercial, and general aviation
Strong management team with a demonstrated track record of growth and delivering high returns for equity
Global platform of scale, established OEM relationships, and unlimited FAA ratings creates significant barriers to entry
Long-term customer base focused around mission-critical, after-market aircraft parts

Key Initiatives Completed

Improved capabilities through add-ons
Expanded worldwide locations to 23
Implemented strategic inventory additions and effective management of piece part inventory
Targeted and secured new customers
Increased wallet-share with current customers