PNC Riverarch Capital Acquires Precision Aviation Group
Precision Aviation Group, Inc. provides comprehensive supply chain and Inventory Supported MRO services (ISMRO®) for instruments, avionics and accessories for a variety of fixed-wing and rotary-wing aircraft. Serving over 3,000 customers in 62 countries, the company is headquartered in Atlanta, GA, with additional facilities in Vancouver, BC; Long Beach, CA; Peachtree City, GA; Lafayette, LA; and Brisbane, Australia.
BB&T Capital Partners Mezzanine Fund II, LP invested subordinated debt and equity to support the acquisition of Precision Aviation Group by PNC Riverarch Capital.
For additional information on this transaction, please contact Brent Kulman at 336-733-0354 or firstname.lastname@example.org. For more information about Precision Aviation Group, visit the Company’s website at www.precisionaviationgroup.com.
BB&T Capital Partners (www.bbtcp.com) manages committed capital across three fund strategies, all of which are focused on the middle market. The firm makes direct equity investments in control transactions of privately-held companies; provides subordinated debt or mezzanine capital in support of transactions led by financial sponsors and others; and invests in other private equity funds. Since 1998, BBTCP has invested in over 50 privately-held, middle-market companies in a variety of industries, providing patient capital to facilitate buyout, acquisition, growth and recapitalization transactions. BBTCP’s investing strategy focuses on a partnership approach with management with a common goal of long-term value creation.