Precision Aviation Group, Inc. Expands The Engine Services Division With The Acquisition Of PTB Group

Atlanta, GA /PRNewswire/ - Precision Aviation Group, Inc. (PAG), an Atlanta -based companyand one of the leading providers of value-added products and services to the aerospace and defense industries, is pleased to announce the acquisition of PTB Group (PTB).

PTB provides maintenance, repair and overhaul (MRO) services on Pratt & Whitney PT6 and Honeywell TPE331 engines, engine and airframe rental, and aviation supply chain services. PTB consists of Pacific Turbine USA Group (aka Prime Turbines), with locations in Texas , Arizona , Florida , and Pennsylvania, and Pacific Turbine Brisbane and Pacific Turbine Leasing in Brisbane, Australia , and International Air Parts in Sydney, Australia.

"This acquisition expands PAG's Engine Services Division with the addition of PT6 and TPE331 engine services, and significantly expands our supply chain offerings. PTB is focused on providing exceptional customer service and exceeding customer expectations We are very excited about this acquisition," said David Mast , PAG President and CEO.

Stephen Smith , President Emeritus of PTB, said, "We are pleased to join PAG and know that they are committed to continually expanding our products and services and ensuring continued opportunities for our international workforce. PAG shares PTB's vision and I see a promising future ahead".

About PTB Group
PTB Group provides maintenance, repair and overhaul ("MRO") services for Pratt & Whitney PT6 and Honeywell TPE331 engines, aircraft and engine rental, and aircraft and engine related supply chain services. PTB Group employs more than 180 people and has a diverse customer base around the world, including Australia , North and South America, Asia and the Pacific Islands ( www.pacificturbine.com.au ) and ( www.primeturbines.com ) .

About Precision Aviation Group
Precision Aviation Group (PAG) is one of the leading providers of value-added products and services to the aerospace and defense industries worldwide. With 20 repair stations and more than 80,000 square meters of sales and service facilities in the United States, Canada, Australia , Singapore and Brazil, PAG's 23 branches and customer-focused business model serve aviation customers. through supply chain and inventory supported maintenance, repair and overhaul (ISMRO®) services.

PAG provides supply chain and MRO solutions for rotary and fixed wing aircraft. PAG has MRO and manufacturing capabilities across more than 100,000 product lines in four MRO segments: Avionics, Components, Engine and Sub-Assembly Services, Manufacturing and DER. ( www.precisionaviationgroup.com )