On March 7, Atlanta-based aviation MRO parts distributor Precision Aviation Group (PAG) its acquisition of PTB Group, a fellow distributor of aviation MRO and supply chain services. Financial details of the deal, which was first reported in August, were not disclosed.
PTB specializes in MRO services on aircraft engines, namely Pratt & Whitney PT6 engines and Honeywell TPE331 engines. The company also provides airframes, engine leases and aviation supply chain services. Founded in 2001, PTB is comprised of Pacific Turbine Group USA (also known as Prime Turbines) with locations in Texas, Arizona, Florida and Pennsylvania; Pacific Turbine Brisbane and Pacific Turbine Leasing in Brisbane, Australia; and International Air Parts in Sydney, Australia.
PTB joins PAG’s engine services division and increases PAG’s repair stations to 20 worldwide, according to the release. PAG has MRO and manufacturing capabilities on over 100,000 product lines in four MRO segments — avionics, components, engines and manufacturing/sub-assembly/DER services — according to its website.
“This acquisition expands PAG’s Engine Services Division with the addition of PT6 and TPE331 engine services, and significantly enlarges our Supply Chain offerings,” PAG President and CEO David Mast said in the release. “PTB is focused on providing exceptional customer service and exceeding customer expectations. We are most enthusiastic about this acquisition.”
“We are pleased to join PAG and know they are committed to the continued expansion of our products and services and ensuring continued opportunities for our international workforce,” PTB Chairman Emeritus Stephen Smith said in the release. “PAG has a shared vision with PTB, and I see an exciting future ahead.”