Precision Aviation Group (PAG) has acquired Momentum Services Corp. (MSC) in a deal that’s expected to expand PAG’s maintenance capabilities. “The addition of MSC to PAG further diversifies our MRO capabilities by expanding our services into LCD cockpit displays,” PAG president and CEO David Mast said.
Mast further stated the MSC roll-up enables PAG to provide its customers with next-generation avionics repair services, which will be integrated with its avionics repair stations in Long Beach, California, and Atlanta. Added MSC president Jon Defina: “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 employees."
A portfolio company of private equity firm GenNx360 Capital Partners, PAG is an MRO and provider of supply chain products for fixed-wing and rotary aircraft with 10 locations and eight repair stations in the U.S., Canada, Australia, Singapore, and Brazil. “Today's acquisition will help [PAG] to reach more customers and offer them additional products and services,” said GenNX360 managing partner Daphne Dufresne. “We are keen to provide further support to PAG as it continues to build out its business and deliver on its strategic goals, both organically and through further acquisitions.”