# Precision Aviation Group to acquire PTB Group

Precision Aviation Group has entered into a definitive agreement to acquire PTB Group, an MRO provider for Pratt & Whitney PT6 and Honeywell TPE331 engines, for an undisclosed amount. The deal is expected to close in Q4 2022.

- Type: Acquisition
- Announced: 2022-08-23
- Where: United States
- Jobs: 150
- Status: announced
- Products: MRO services, engine leasing, airframe leasing, aviation supply chain services
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [GenNx360 Capital Partners](https://endata.com/companies/7106.md) (investor)
- [Precision Aviation Group](https://endata.com/companies/30391.md) (acquirer)
- [PTB Group](https://endata.com/companies/64884.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/precision-aviation-group-inc-enters-into-a-definitive-agreement-to-acquire-ptb-group-301610369.html), 2022-08-23: "We are excited about adding PTB to the Precision Aviation Group of Companies."
- [prnewswire.com](https://www.prnewswire.com/news-releases/precision-aviation-group-inc-enters-into-a-definitive-agreement-to-acquire-ptb-group-301610814.html), 2022-08-23: "The PTB acquisition is highly strategic, and we are excited about the expansion of PAG's Engine Services Capabilities and increasing their market share in this vertical."
- [aap.com.au](https://www.aap.com.au/aapreleases/cision20220824ae51878/), 2022-08-24: "We are excited about adding PTB to the Precision Aviation Group of Companies."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.