Precision Aviation Group (PAG) is the leading provider of aircraft component repairs and supports aviation aftermarket supply chain management. PAG operates 11 worldwide facilities, with unlimited FAA Ratings.
Case Study
Precision Aviation Group, Inc.
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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
Transaction Sourcing
- Identified aerospace and defense as an attractive sector because of its 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 create significant barriers to entry
- Long-term customer base focused around mission-critical after-market aircraft parts
Key Initiatives Completed
- Improved capabilities through add-ons
- Momentum: Expanded product lines to include avionics and LCD display, expanded geography, and added new OEM relationships
- World Aviation: Expansion in AC starter generator market, increased presence in Canada, and diversified customer base
- Strategic inventory additions and effective management of piece part inventory
- Targeted and secured new customers and increased wallet-share with current customers