Precision Aviation Group to acquire PTB Group for $139m.

Precision Aviation Group, a provider of products and value-added services to the aerospace and defense industry, agreed to acquire PTB Group, a provider of maintenance, repair, and overhaul services, for $139m. "We are excited about adding PTB to the Precision Aviation Group of Companies. The addition of PTB increases PAG's repair stations to 20 worldwide, expands our Engine Services Division with the addition of the PT6 and TPE331 engines, and significantly enlarges our Supply Chain Services business. Stephen Smith and his team – like PAG – are focused on exceptional customer service and exceeding customer expectations – we look forward to this partnership," David Mast, PAG President and CEO.