Latest news from GenNx360 Capital Partners and our portfolio companies

GenNx360’s Portfolio Company, Precision Aviation Group, Inc. Expands Landing Gear Capabilities with Acquisition of Trace Aviation
Portfolio Company News - August 11, 2021

New York, New York.  August 11, 2021 - GenNx360 Capital Partners (“GenNx360”) is pleased to announce its portfolio company, Precision Aviation Group, Inc. (“PAG”), has acquired Trace Aviation Group (“TAG”) of Jackson, Mississippi. This transaction represents an aggressive expansion strategy for PAG; the fifth acquisition since GenNx360 took a controlling interest in PAG in 2018.  Trace is widely recognized for its MRO capabilities on King Air/1900 landing gear assemblies.
David Mast, President & CEO of PAG, stated, “We are very pleased with the acquisition of Trace as it expands our landing gear MRO capabilities, specifically on Beechcraft King Air/1900 landing gear exchanges and overhauls. Additionally, Trace, like PAG, is well known for delivering exceptional customer service and industry leading products to its customers worldwide. It is the perfect platform to expand our MRO Services to better serve our customers.”
Mike Pigott, President of Trace, stated, “We are enthusiastic about becoming part of PAG. Not only will we be able to significantly expand our product and service offerings to our existing customers by having access to PAG’s $50M rotable inventory, but we are excited to expand our MRO capabilities in the coming months. We believe this partnership will provide significant benefit to our customers, vendors, and employees.”
About Precision Aviation Group
Precision Aviation Group (PAG) is a leading provider of products and value-added services to the aerospace and defense industry worldwide. With 13 Repair Stations, and over 500,000-square-feet of sales and service facilities in the United States, Canada, Australia, Singapore, and Brazil – PAG uses its distinct business units and customer-focused business model to serve aviation customers through two business functions – Aviation Supply Chain – and its trademarked Inventory Supported Maintenance, Repair and Overhaul (ISMRO®). PAG provides MRO and Supply Chain Solutions for Fixed and Rotary-wing aircraft. PAG subsidiaries have MRO capabilities on over 39,000 products, including Accessories, Avionics, Dynamic Components, Engines, Fuel Accessories, Glass Panel Displays, Hydraulics, Instruments, Landing Gear, Starter/Generators, Sub-Assemblies and Wheels/Brakes.
About GenNx360 Capital Partners
GenNx360 Capital Partners is a private equity firm focused on acquiring middle market business services and industrial companies. We invest in companies with proven and sustainable business models in expanding industries with the objective of implementing the required operating changes to deliver cost efficiencies, accelerate growth, and generate strong financial returns.  GenNx360 was founded in 2006 and is headquartered in New York City.
For media inquiries, please contact:
GenNx360 Capital Partners
Carmen Rojas, Director of Investor Relations
Tel: +1 212-257-6772

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