M&A Deal Summary

Precision Aviation Group Acquires ICON Aerospace

On September 30, 2024, Precision Aviation Group acquired aerospace company ICON Aerospace

Acquisition Highlights
  • This is Precision Aviation Group’s 6th transaction in the Aerospace sector.
  • This is Precision Aviation Group’s 6th transaction in the United States.
  • This is Precision Aviation Group’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2024-09-30
Target ICON Aerospace
Sector Aerospace
Buyer(s) Precision Aviation Group
Deal Type Add-on Acquisition

Target

ICON Aerospace

Indian Trail, North Carolina, United States
ICON Aerospace is an FAA/CAA/EASA-approved repair station specializing in the repair and overhaul of avionics, instruments, radios, and accessories. ICON Aerospace is based in Indian Trail, North Carolina.

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Buyer(S) 1

Buyer

Precision Aviation Group

Atlanta, Georgia, United States

Category Company
Founded 1993
Sector Aerospace
DESCRIPTION

Precision Aviation Group is a provider of products and value-added services to the worldwide aerospace and defense industry. With nine locations and more than 260,000-square-feet of sales and service facilities in the United States, Canada, Australia, Brazil, and Singapore, PAG uses its distinct business units and customer-focused business model to serve aviation customers through two business functions – Aviation Supply Chain, and its Inventory Supported Maintenance, Repair and Overhaul services. Precision Aviation Group is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 9 of 9
Sector (Aerospace) 6 of 6
Type (Add-on Acquisition) 9 of 9
State (North Carolina) 1 of 1
Country (United States) 6 of 6
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-30 Tag Aero

Rock Hill, South Carolina, United States

Tag Aero provides customers comprehensive APU solutions including LRU repairs, sales, procurement, leasing, and exchange. Tag Aero was founded in 2012 and is based in Rock Hill, South Carolina.

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