Atlanta-based Precision Aviation Group (PAG), has agreed in principal to acquire Pegasus Aircraft Components in Richmond, British Columbia.
The purchase of the company will allow PAG to upgrade services to its customers in the expanding Canadian market operating Bell, Sikorsky, Eurocopter and MDHS/Hughes Rotary Wing aircraft. The new company will be known as Precision Accessories and Instruments Canada (PAI Canada) and will work in conjunction with Precision Heliparts Canada, (PHP Canada). The two Canadian operations will compliment the Atlanta facilities at 495 Lake Mirror Road near Hartsfield-Jackson International Airport.

“The acquisition of Pegasus demonstrates our commitment to our Canadian customers,” said David Mast, PAG President. “Our goal is to continue to provide the best value in both helicopter and turboprop fixed-wing parts sales and service. Our business practices distinguish us in providing technical expertise, exceptional customer Service, and in maintaining large inventory to support our customers.”

Ron Breitenstein, owner and General Manager of Pegasus, will join the new company and assume the marketing responsibilities of PAI Canada.

“We will continue calling on our current customer base, which right now is about 85 percent of our business,” said Breitenstein, a 39-year veteran of the aviation industry. “Joining with Precision Aviation Group will enable us to develop even better practices for the industry leader in customer service.”

The PAI Canada facility will provide a full range of repair and overhaul services to helicopter operators, but will also support regional, corporate, and charter turboprop fixed wing operators as well. PAI specializes in the repair and overhaul of starter generators, instruments, avionics, electrical accessories and components with its unique Inventory Supported Maintenance Repair/Overhaul (ISMRO) operations to more than 9,000 customers in 66 different countries worldwide.

Simply put, ISMRO is the combination of a traditional parts house with repair station functions and is the new industry model for parts support providers. The PAG companies support Bell, Eurocopter, McDonnell-Douglas/Hughes, Agusta, and Sikorsky helicopters and familiar turboprop fixed-wing aircrafts, such as Beech Kingair, Cessna Caravan and Citation, and Piper Cheyenne. Industries and governmental entities served by PAG, include news and traffic, Air Medivac, law enforcement, firefighting and forestry services.

PAG has 80 full time employees and maintains distribution-service facilities in Atlanta, Ga. and Vancouver, BC. The combined facilities have more than 42,000 square feet of office, warehouse and shop space, with 18 full time sales people and 32 technicians in its two FAA Repair Stations, which serve customers in 66 different countries worldwide. The company maintains more than 50,000 line items in inventory and is an exclusive distributors for a number of major parts manufacturers through the company’s four subsidiaries:

Precision Heliparts, Inc. (PHP) Atlanta, GA. FAA Repair Station #PY8R545X. Sells and repairs helicopter instruments, avionics, and accessories.

Precision Heliparts Canada, Inc . (PHP-C), Vancouver, BC. Canadian DOT #92-02. Sells helicopter components to the Canadian market, the second largest in the world behind the US.

Precision Accessories & Instruments (PAI), Atlanta, GA. FAA Repair Station #ZV4R714M. Sells and repairs aircraft instruments, avionics, and accessories.

Precision Accessories & Instruments Canada (PAI Canada) Richmond, B.C . Canadian DOT pending. Sells and repairs aircraft instruments, avionics, and accessories.

Contact:

Rodney Shumake
Marketing Communications Director
Precision Aviation Group
495 Lake Mirror Road
Building 800 G
Atlanta, Ga. 30349
(404) 768-9090