Precision Aviation Group Expands Airline Avionics and Engine Services Capabilities with Acquisitions of ICON Aerospace and TAG Aero

Precision Aviation Group, Inc. (PAG), a provider of maintenance, repair and overhaul (MRO) and value-added services to the global aerospace and defense industries, acquires ICON Aerospace (ICON) and TAG Aero (TAG). These strategic acquisitions significantly enhance PAG’s avionics and engine services capabilities while broadening its product offerings for the airline market.

ICON, headquartered in Indian Trail, NC, is a provider of MRO services specializing in avionics, accessories and electronics. TAG, based in Rock Hill, SC, is a provider of MRO services specializing in auxiliary power units (APUs). TAG also provides a comprehensive suite of services, including outright sales, leasing and exchanges for Honeywell GTCP-85, 131 and 331 series APUs.

The addition of ICON and TAG to PAG will allow the combined customer base to benefit from the expanded range of product and service offerings. David Mast, president and CEO of PAG, says, “The acquisition of ICON and TAG significantly bolsters our capabilities in our engine and avionics services businesses and provides expanded product offerings for the airline market. The addition of ICON and TAG’s skilled workforce of over 200 employees, their experienced leadership teams, and more than 150,000 square feet of state-of-the art facilities enables us to better support the needs of our customers.”

Jeff Lambert, CEO of ICON and TAG, adds, “We are excited to join PAG and leverage their resources and global reach. This partnership enhances our ability to serve our customers, providing them with faster service times and broader technical capabilities.”

For more information, visit www.precisionaviationgroup.com.