M&A Deal Summary

Precision Aviation Group Acquires Keystone Turbine Services

On May 20, 2021, Precision Aviation Group acquired automotive company Keystone Turbine Services

Acquisition Highlights
  • This is Precision Aviation Group’s 1st transaction in the Automotive sector.
  • This is Precision Aviation Group’s 2nd transaction in the United States.
  • This is Precision Aviation Group’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2021-05-20
Target Keystone Turbine Services
Sector Automotive
Buyer(s) Precision Aviation Group
Deal Type Add-on Acquisition

Target

Keystone Turbine Services

Coatesville, Pennsylvania, United States
Keystone Turbine Services specializes in providing complete OEM-approved aftermarket maintenance, repair and overhaul (MRO) services for operators of the Rolls-Royce M250 series of gas turbine engines, along with related Honeywell and Triumph accessories plus component, spare parts, and field service support. Keystone Turbine Services is based in Coatesville, Pennsylvania.

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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 4 of 9
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 4 of 9
State (Pennsylvania) 1 of 1
Country (United States) 2 of 6
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Efix

São José dos Campos, Brazil

Efix specializes in Maintenance, Repair, and Overhaul (MRO) services for the South American aerospace and defense market. The company’s diverse capabilities include landing gear, hydraulic/pneumatic, electrical accessories, starter generators, batteries, and avionics. Efix is based in São José dos Campos, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-11 Trace Aviation

Jackson, Mississippi, United States

Trace Aviation provides MRO capabilities on King Air/1900 landing gear assemblies. The company developed in-house capabilities to deliver Beechcraft King Air landing gear built per aircraft specification, serial number, and configuration. TA repairs worn bores and bushings, brace assemblies, hydraulics, actuator housings, cylinder bearings and axles. Trace Aviation was founded in 2004 and is based in Jackson, Mississippi.

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