New York, New York: GenNx360 Capital Partners (“GenNx360”) today announced that its portfolio company, Precision Aviation Group, Inc. (“PAG”), has made its fourth acquisition since GenNx360’s investment through the purchase of Keystone Turbine Services (KTS). This transaction represents the latest step in an aggressive expansion strategy by GenNx360 for PAG. In 2018, GenNx360 took a controlling interest in PAG, a leading provider of products and value-added services to the worldwide aerospace and defense industry. Coatesville, PA-based KTS specializes in providing complete OEM-approved aftermarket maintenance, repair and overhaul (MRO) services for operators of the Rolls-Royce M250 series of gas turbine engines, along with related Honeywell and Triumph accessories plus component, spare parts, and field service support.
David Mast, President and CEO of PAG stated, “We are excited about adding KTS to the Precision Aviation Group of Companies. The addition of KTS increases PAG’s repair stations to 12 worldwide, and further diversifies its MRO capabilities by expanding its services into the Rolls-Royce M250 engine. Like PAG, KTS has a history of delivering exceptional customer service, industry-leading products, and cost-effective repair solutions for its customers. Through its strategically located repair stations, the combined organizations will now be better equipped to provide Rolls-Royce M250 operators additional support.”
Daphne Dufresne, the GenNx360 Managing Partner who led the transaction said, “I am pleased to assist PAG on its continued positive growth trajectory. We’re excited about the opportunities that exist to expand PAG’s market share and this partnership will provide significant benefits to our customers. The latest acquisition is a testament to the strength of PAG’s management team.”