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Precision Aviation Group, Inc. (PAG) acquires ICON Aerospace and TAG Aero to expand airline avionics and engine services capabilities

Oct 21, 2024•9 months ago

Acquiring Company

Precision Aviation Group

Acquired Company

ICON Aerospace

AtlantaIndian TrailRock HillAerospaceAerospaceAerospace

Description

Precision Aviation Group, Inc. (PAG), a leading provider of maintenance, repair and overhaul (MRO) and value-added services to the global aerospace and defense industries, has strategically acquired ICON Aerospace and TAG Aero. This strategic move significantly enhances PAG's avionics and engine services capabilities while broadening its product offerings for the airline market.

Company Information

Company

Precision Aviation Group

Location

Atlanta, Georgia, United States

About

Precision Aviation Group (PAG) is a leading provider of maintenance, repair and overhaul (MRO) and value-added services to the aerospace and defense industries. With 24 FAA-approved repair stations and 27 locations, 1,000+ employees, and over 1.1 million square feet of production/distribution facilities worldwide, PAG offers comprehensive MRO services on over 200,000 product lines. PAG supports operators in the Airline, Business and General Aviation (BGA), and the Military markets through its Inventory Supported Maintenance, Repair, and Overhaul (ISMRO®) business model, with focused capabilities in Avionics, Engines, Components, and Manufacturing/DER Services.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed