Precision Aviation Group, Inc. says that it has entered into a definitive agreement to acquire PT6 and TPE331 engine MRO specialists PTB Group. The PTB Group includes Pacific Turbine USA, Pacific Turbine Brisbane and Pacific Turbine leasing as well as Sydney based Australia and International Air Parts. “We are excited about adding PTB to the Precision Aviation Group of Companies. The addit
ion of PTB increases PAG’s repair stations to 20 worldwide, expands our Engine Services Division with the addition of the PT6 and TPE331 engines, and significantly enlarges our Supply Chain Services business. Stephen Smith and his team – like PAG – are focused on exceptional customer service and exceeding customer expectations – we look forward to this partnership,” said David Mast, President and CEO of PAG.
While agreed in principle the agreement remains subject to shareholder approval and is currently scheduled to close during 4th quarter of 2022.
