GenNx360 Capital Partners, a New York-based private equity firm investing in industrial and business services companies in the U.S. middle market, announced that its portfolio company, Precision Aviation Group, (PAG), has acquired Turner Aviation, a highly regarded aviation maintenance, repair, and overhaul (MRO) services provider based in the United Kingdom.
The acquisition of Turner Aviation marks PAG’s entry into the EMEA (Europe, Middle East, and Africa) region and represents a key milestone in PAG’s strategic plan to expand its global MRO capabilities. Headquartered in Glasgow, Scotland, Turner Aviation has been serving the aerospace and defense industries since 1954 and is a UK Civil Aviation Authority (CAA) and EASA Part 145 approved repair station.
“The acquisition of Turner Aviation represents a significant milestone in the continued growth of PAG,” David Mast, president and CEO of PAG, said. “Their deep technical expertise, strong customer relationships, long-serving leadership team and strategic location make it an ideal partner for PAG. We are excited to build on Turner’s impressive legacy.”
Douglas Muirhead, managing director of Turner Aviation, added: “We are thrilled to become part of the growing PAG family. This acquisition will not only provide Turner with enhanced resources and a global network but also allow us to better serve our customers.”
Pratik Rajeevan, principal at GenNx360 Capital Partners and lead for the PAG investment, commented, “PAG’s acquisition of Turner Aviation underscores our strategy of partnering with management teams to build industry-leading platforms through thoughtful expansion. The Turner team’s reputation for quality and reliability makes this an outstanding step in broadening PAG’s reach and service capabilities across key global markets.”
GenNx360 acquired PAG in 2018 and continues to work closely with the management team to support the company’s organic growth initiatives and targeted add-on acquisitions. Turner Aviation marks PAG’s tenth add-on acquisition under GenNx360’s ownership. GenNx360’s PAG team includes Ron Blaylock Managing Partner; Lloyd Trotter, Managing Partner; Reece Zakarin, Vice President; and Jon Langenfeld, Associate.