Precision Aviation Group, Inc. Acquires Trace Aviation

Atlanta-based Precision Aviation Group, Inc. (PAG), a leading provider of products and value-added services to the Worldwide Aerospace and Defense industries, announces the acquisition of Trace Aviation (TA) of Jackson, Mississippi. TA is widely recognized for its MRO capabilities on King Air/1900 landing gear assemblies.

David Mast, President & CEO of PAG stated, "We are very pleased with the acquisition of Trace. The addition of TA expands our Landing Gear MRO capabilities. TA focuses on Beechcraft King Air/1900 landing gear exchanges and overhauls. Additionally, TA, like PAG, is well known for delivering exceptional customer service and industry leading products to their customers worldwide. It is the perfect platform to expand our MRO Services to better serve our customers."

Mike Pigott, President of TA stated, "We are enthusiastic about becoming part of PAG. Not only will we be able to significantly expand our product and service offerings to our existing customers by having access to PAG's $50M rotable inventory, but we are excited to expand our MRO capabilities in the coming months. We believe this partnership will provide significant benefit to our customers, vendors, and employees."