GenNx360’s PAG exit follows global aviation MRO buy and build
Portfolio Company News - October 14, 2026
GenNx360’s PAG exit follows global aviation MRO buy-and-build
09 Jul 2026|09:37 CDT|United States|Aerospace-Aircraft|Mergermarket|Proprietary
by Tom Cane
PAG was moved into CV in 2023, providing fresh capital for M&A
EBITDA doubled during CV period, has grown roughly 10x since 2018
GenNx360 oversaw technical capabilities upgrade, global expansion
Continuation vehicles (CVs) are inextricably linked to so-called trophy assets – high-performing businesses where the GP can make a case for significant further growth.
Precision Aviation Group (PAG), an aviation maintenance, repair and overhaul (MRO) specialist, fit this profile when GenNx360 Capital Partners was considering its options in 2023. The New York-based sponsor wanted to double down on a buy-and-build strategy it had been executing since 2018, including the AUD 200m enterprise value (EV) acquisition a year earlier of Australia’s PTB Group.