Precision Aviation Group (PAG) is boosting its maintenance, repair, and overhaul (MRO) portfolio with the acquisition of engine support provider PTB. The deal, which the companies announced on Tuesday, adds significant support capability for Pratt & Whitney PT6 and Honeywell TPE331 engines.
The PTB Group consists of Pacific Turbine USA Group (also known as Prime Turbines), which operates facilities in Texas, Arizona, Florida, and Pennsylvania, and also Pacific Turbine Brisbane, Pacific Turbine Leasing, and International Air Parts in Australia. Along with providing MRO work for the PT6 and TPE331 engines, it offers support for engine and airframe leases and various aviation supply chain services.
Atlanta-based PAG did not disclose how much it has paid for PTB, which owns and operates 23 MRO locations. The group already has 20 repair stations for both rotorcraft and fixed-wing aircraft and more than 850,000 square feet of sales and service facilities in the U.S., Canada, Australia, Singapore, and Brazil. It also boasts parts manufacturing capability.
“This acquisition expands PAG’s engine services division with the addition of PT6 and TPE331 engine services and significantly enhances our supply chain offerings,” said the group’s president and CEO, David Mast. “PTB is focused on providing exceptional customer service and exceeding customer expectations.”