VSE Corporation to acquire Precision Aviation Group from GenNx360 Capital Partners for $2bn.

VSE Corporation, a provider of aftermarket distribution and repair services, agreed to acquire Precision Aviation Group, a provider of maintenance, repair and value-added supply chain services, from GenNx360 Capital Partners, a private equity firm, for $2bn. “This acquisition represents a pivotal moment for VSE and a major milestone in our strategy to build a scaled, differentiated, higher-margin aviation aftermarket platform. We have long admired PAG and view it as an exceptional strategic fit within the VSE portfolio. PAG adds a differentiated parts and services model, new and highly complementary capabilities, a best-in-class sales organization, a scaled MRO footprint, deep technical expertise, and strong customer and supplier relationships across growing commercial, B&GA, rotorcraft, and defense end markets," John Cuomo, VSE Corporation President and Chief Executive Officer.