Precision Aviation Group, Inc. Acquires Keystone Turbine Services, LLC

Precision Aviation Group, Inc. (PAG), a leading provider of products and value-added services to the Worldwide Aerospace and Defense industry, announced the acquisition of Keystone Turbine Services (KTS) of Coatesville, Pennsylvania. KTS specializes in providing complete OEM-approved aftermarket Maintenance, Repair and Overhaul ("MRO") services for operators of the Rolls-Royce M250 series of gas turbine engines, along with related Honeywell and Triumph accessories plus component, spare parts, and field service support.

David Mast, President & CEO of PAG stated, "We are excited about adding KTS to the Precision Aviation Group of Companies. The addition of KTS increases PAG's repair stations to 12 worldwide, and further diversifies our MRO Capabilities by expanding our services into the Rolls-Royce M250 Engine. Like PAG, KTS has a history of delivering exceptional customer service, industry leading products, and cost-effective repair solutions for its customers. Through our strategically located Repair Stations that provide a vast array of Rotary Wing specific MRO Services worldwide, our combined organizations will now be better equipped to provide Rolls-Royce M250 operators additional support."

Rob Ruck, former COO of KTS, commented, "KTS is very enthusiastic about joining PAG as they plan to further expand KTS's product and service offerings, make significant investments towards new products, update processes, and introduce new repair capabilities. We have worked closely with PAG's management team throughout this acquisition process and believe this partnership will provide significant benefits to our customers, vendors and employees."