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Precision Aviation Group, Inc. (Pag) Acquires Velocity Aerospace Group

RECENTLY ACQUIREDMar 15, 2022

Acquiring Company

Precision Aviation Group

Acquired Company

Velocity Aerospace Group

AtlantaAerospaceInformation TechnologyScience And EngineeringGovernment And MilitaryTransportation

Description

Atlanta-based Precision Aviation Group, Inc. (PAG), a leading provider of products and value-added services to the Worldwide Aerospace and Defense industries is pleased to announce the acquisition of Velocity Aerospace Group (Velocity).

Quick answer

Precision Aviation Group is acquiring Velocity Aerospace Group, announced March 15, 2022. Precision Aviation Group is based in Atlanta, Georgia, United States.

How much did Precision Aviation Group pay for Velocity Aerospace Group?
The deal value was not disclosed.
What does Precision Aviation Group do?
Precision Aviation Group (PAG) is a leading provider of maintenance, repair and overhaul (MRO) and value-added services to the aerospace and defense industries.
Where are Precision Aviation Group and Velocity Aerospace Group based?
Precision Aviation Group is based in Atlanta, Georgia, United States.
Who are the decision-makers at Precision Aviation Group?
Fundz holds 3 contacts at Precision Aviation Group. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Aerospace and Science And Engineering

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Precision Aviation Group

Location

Atlanta, Georgia, United States

About

Precision Aviation Group (PAG) is a leading provider of maintenance, repair and overhaul (MRO) and value-added services to the aerospace and defense industries. With 24 FAA-approved repair stations and 27 locations, 1,000+ employees, and over 1.1 million square feet of production/distribution facilities worldwide, PAG offers comprehensive MRO services on over 200,000 product lines. PAG supports operators in the Airline, Business and General Aviation (BGA), and the Military markets through its Inventory Supported Maintenance, Repair, and Overhaul (ISMRO®) business model, with focused capabilities in Avionics, Engines, Components, and Manufacturing/DER Services.

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Frequently asked

Who acquired Velocity Aerospace Group?

Velocity Aerospace Group was acquired by Precision Aviation Group, based in Atlanta. The deal was reported on March 15, 2022. Precision Aviation Group (PAG) is a leading provider of maintenance, repair and overhaul (MRO) and value-added services to the aerospace and defense industries. Precision Aviation Group is privately held and operates in Aerospace.

When did Precision Aviation Group acquire Velocity Aerospace Group?

Precision Aviation Group's acquisition of Velocity Aerospace Group was reported on March 15, 2022. Atlanta-based Precision Aviation Group, Inc. (PAG), a leading provider of products and value-added services to the Worldwide Aerospace and Defense industries is pleased to announce the acquisition of Velocity Aerospace Group (Velocity). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Velocity Aerospace Group do?

Velocity Aerospace Group provides Maintenance, Repair and Overhaul (MRO) services, Manufacturing and DER repairs to a global base of commercial, corporate, regional aircraft and helicopters. It is privately held, operating in Information Technology.

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