July 31, 2014
Press Release – For Immediate Release
Precision Aviation Group, Inc. Acquires Aviation Controls, Inc.
Atlanta, GA – July 30, 2014 – Precision Aviation Group, Inc. (PAG), a leading provider of products and value-added services to the worldwide aerospace and defense industry announced today the acquisition of Aviation Controls, Inc. (ACI). ACI is a leading global provider of Maintenance, Repair, and Overhaul Services (MRO) for engine accessories, specializing in components and accessories for the GE J-85, Honeywell LTS-101, and Rolls Royce 250 engines.
David B. Mast, President & CEO of PAG stated, “The acquisition of ACI further diversifies PAG’s MRO capabilities by expanding our services into engine accessories. Our investment in ACI allows us to provide our customers additional capabilities which will improve service levels and facilitate more streamlined purchasing operations. We are excited about the opportunity to provide ACI’s MRO services to our customers.”
“ACI is excited to become part of PAG. Not only will we be able to significantly expand our products and services offerings to our existing customers, but also, we are confident in our ability to build on our reputation for quality and service excellence as we work with PAG’s existing customer base. We have worked closely with the management team of PAG throughout the acquisition process and believe that this partnership will provide significant benefit to our customers, vendors, and associates,” commented Jim Robertson, President of ACI.
About Precision Aviation Group (PAG)
Precision Aviation Group (PAG) is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With nine locations and more than 210,000-square-feet of sales and service facilities in the United States, Canada and Australia, 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®) services.
PAG provides MRO and Supply Chain Solutions for Fixed and Rotary-wing aircraft through: Precision Heliparts – PHP (www.heliparts.com); Precision Aviation Services – PAS (www.pas-pag.com); Precision Accessories & Instruments – PAI (www.precisionaccessories.com); Precision Heliparts Canada – PHP-C (www.heliparts.ca); Precision Accessories & Instruments Canada – PAI-C (www.pai-canada.com); PHP-Instruments & Accessories – PHP-IA (www.heliparts.com); Precision Aero Technology –PAT (www.precisionaerotechnology.com) and Precision Aviation Group Australia PTY LTD – PHP-AU. PAG subsidiaries have MRO capabilities on over 25,000 products, including accessories, avionics, hydraulics, instruments, NDT, starter/generators, and wheels/brakes (www.precisionaviationgroup.com).
About Aviation Controls, Inc.
Aviation Controls, Inc. (ACI) is an authorized FAA Repair Station specializing in turbine engine controls and accessories. Located on the airport in Independence, Kansas, ACI operates out of a 25,000 square foot facility and is recognized as an industry leader in the support of GE-J85 engine accessory components. ACI became a Honeywell Authorized Service Center in 1999 and received approvals for LTS101 and RR250 fuel components and is ISO 9001 certified. For more information about ACI, visit – www.aviationcontrolsinc.com
