VSE Corporation (VSE), a provider of aviation aftermarket distribution and repair services, has announced that it has entered into a definitive agreement to acquire Precision Aviation Group (PAG), a portfolio company of GenNx360 Capital Partners (GenNx), for total upfront consideration of approximately US$2.025 billion in cash and equity.
Founded in 1996 and headquartered in Atlanta, Georgia, PAG is a global provider of aviation maintenance, repair and overhaul (MRO) services, distribution, and supply chain solutions. The company serves commercial, business and general aviation, rotorcraft, and defence markets.
PAG operates 29 locations worldwide, employs more than 1,000 people, supports over 10,000 customers globally, and completes more than 175,000 repairs each year. The business expects to generate around US$615 million in adjusted revenue for the financial year ending December 31, 2025.
The acquisition is expected to significantly increase VSE’s scale and strengthen its engine and component service capabilities across the aviation aftermarket. The combined group will create a more diversified, globally scaled platform with broader technical expertise and an expanded portfolio of proprietary repair solutions. VSE said the deal will enhance customer support, extend asset life and help reduce overall cost of ownership.
