M&A Deal Summary

Precision Aviation Group Acquires Tag Aero

On September 30, 2024, Precision Aviation Group acquired business services company Tag Aero from Mill Hill Capital

Acquisition Highlights
  • This is Precision Aviation Group’s 2nd transaction in the Business Services sector.
  • This is Precision Aviation Group’s 6th transaction in the United States.
  • This is Precision Aviation Group’s 1st transaction in South Carolina.

M&A Deal Summary

Date 2024-09-30
Target Tag Aero
Sector Business Services
Buyer(s) Precision Aviation Group
Sellers(s) Mill Hill Capital
Deal Type Add-on Acquisition

Target

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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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 (Business Services) 2 of 2
Type (Add-on Acquisition) 9 of 9
State (South 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 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.

Buy -

Seller(S) 1

DESCRIPTION

Mill Hill Capital is a family investment firm focused on lower to middle-market companies with sustainable business models. Mill Hill prefers control investments in businesses with EBITDA of $2 to $50 million. The Firm supports acquisitions, recapitalizations, founder liquidity, and special situations. Mill Hill invests in a variety of industries but primarily focuses on aerospace, automotive, defense, industrials, healthcare, consumer goods, and building products. Mill Hill Capital was founded in 2013 and is based in Naples, Florida.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-27 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.

Buy -