GenNx360 Capital completed the acquisition of Precision Aviation from PNC Riverarch Capital.

GenNx360 Capital, a New York-based private equity firm that invests in middle-market business services and industrial companies, completed its acquisition of Precision Aviation, a provider of maintenance, repair, and overhaul (MRO) and supply chain solutions for fixed and rotary-wing aircraft serving diverse end markets, from PNC Riverarch Capital. Financial terms were not disclosed. "PAG is a leading provider of MRO services with a talented management team and a lot of growth potential. PAG operates in a space that we know well and can add value through our industry relationships and operating initiatives. We look forward to working alongside management to capitalize on future growth opportunities." Daphne Dufresne, GenNx360 Managing Partner who led the transaction.