GenNx360 Capital Partners Exits Precision Aviation Group In US$2.025 Bln Deal
KUALA LUMPUR, May 14 (Bernama) -- GenNx360 Capital Partners, a New York-based private equity firm, has agreed to sell its portfolio company, Precision Aviation Group (PAG), to VSE Corporation (VSE) in a transaction valued at approximately US$2.025 billion in cash and equity. (US$1 = RM3.93)
“Our partnership with PAG was a result of GenNx360’s proactive strategy and deep sector expertise in aerospace and defence. Our ability to scale PAG to a diversified global MRO platform is a testament to PAG’s exceptional management team,” said GenNx360 Capital Partners Principal, Pratik Rajeevan, who sourced and led the investment.
Its Founder and Managing Partner, Ron Blaylock said: “Our ongoing equity ownership in VSE reflects our conviction in PAG's momentum and in VSE's ability to accelerate its next stage of growth, enhance capabilities and deliver even greater value for customers.”
VSE President and Chief Executive Officer, John Cuomo said PAG is a highly complementary addition to VSE that expands its aviation aftermarket capabilities, technical depth and global reach.
According to a statement, the transaction includes US$1.75 billion in cash and approximately US$275 million in equity issued to GenNx360, with an additional earnout of up to US$125 million tied to 2026 performance targets.
The acquisition increases VSE revenue by approximately 50 per cent on a pro forma 2025 basis and is expected to immediately improve consolidated adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) margins.
Under GenNx360’s ownership, PAG transformed from a regional operator into a global aviation aftermarket platform focused on engines, avionics, components and proprietary repair solutions.
The company expanded from nine repair stations to 29 worldwide locations, growing its footprint across North America, Europe, Australia and Brazil while strengthening capabilities on next-generation aircraft platforms.
GenNx360 executed an aggressive buy-and-build strategy during its investment period, completing 11 add-on acquisitions alongside organic growth initiatives driven by new customer wins and strategic partnerships.
Founded in 1996 and headquartered in Atlanta, PAG provides aviation maintenance, repair and overhaul (MRO) services, distribution and supply chain solutions servicing commercial, business and general aviation, rotorcraft and defence markets. The company operates 29 locations globally, employs more than 1,000 people and completes over 175,000 repairs annually.
-- BERNAMA