Precision Aviation Group, a portfolio company of GenNx360 Capital Partners, has acquired World Aviation Corp. No financial terms were disclosed. Based in Toronto, WAC specializes in the rewind and repair of rotary and static electrical generator and motor sub-components.
Atlanta, GA – January 21, 2020
Precision Aviation Group, Inc. (PAG), a leading provider of products and value-added services to the worldwide aerospace and defense industry announced today the acquisition of Toronto, Ontario based World Aviation Corporation (WAC). WAC specializes in the rewind and repair of rotary and static electrical (air and oil-cooled) generator and motor sub-components.
David Mast, President & CEO of PAG stated, “We are excited about the acquisition of WAC. The addition of WAC to PAG further diversifies our MRO capabilities by expanding our services into electric motor sub- component repairs. Our investment in WAC allows us to provide our customers with expanded support at our Repair Stations and will vastly increase the number of capabilities we have to reduce the costs associated with providing MRO services to our customer base. Additionally, WAC expands our footprint in Canada with the addition of this second location in Toronto (PAG also has a location in Vancouver) and will be able to enhance support of our customer base in this region of Canada. WAC has been a trusted supplier to PAG for almost 20 years, and we are excited to bring them on board as part of PAG.”
Moty Zeharia, President of WAC commented, “WAC is very enthusiastic about becoming part of PAG. They have been a key customer of ours for a very long time and have been great to work with. Now as a part of PAG, we will significantly expand our product and service offerings by making significant investments in new products, processes and repair capabilities. 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.”
About Precision Aviation Group (PAG)
Precision Aviation Group (PAG) is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With 11 locations, 9 Repair Stations, and over 300,000-square-feet of sales and service facilities in the United States, Canada, Australia, Singapore and Brazil – PAG uses its distinct business units and customer-focused business model to serve aviation customers through two business functions – Aviation Supply Chain – and its trademarked Inventory Supported Maintenance, Repair and Overhaul (ISMRO®).
PAG provides MRO and Supply Chain Solutions for Fixed and Rotary-wing aircraft. PAG subsidiaries have MRO capabilities on over 25,000 products, including accessories, avionics, dynamic components, fuel accessories, hydraulics, instruments, starter/generators, and wheels/brakes, (www.precisionaviationgroup.com).
World Aviation Corporation (WAC)
World Aviation Corporation (WAC) is based in Toronto, Ontario. The company performs repairs and modifications to electrical generator and motor sub-components, used in both civil and military aircraft. The company specializes in the rewind and repair of rotary and static electrical (air and oil-cooled) generator sub-components. On account of its modern 20,000 square foot facility, with over 60 highly skilled technicians, technologically advanced equipment, and engineering knowledge, our operations have been fully approved by DOT/FAA/EASA, and HKAR. (www.world-aviation.ca)