Precision Aviation acquires World Aviation Corp.
January 23, 2020 By Helicopters Staff
Precision Aviation Group Inc., a provider of products and value-added services to the worldwide aerospace and defence industry, on January 21 announced its acquisition of Toronto-based World Aviation Corporation (WAC), which specializes in the rewind and repair of rotary and static electrical (air and oil-cooled) generator and motor sub-components.
“We are excited about the acquisition of WAC,” said David Mast, President and CEO of Precision Aviation Group (PAG). “The addition of WAC to PAG further diversifies our MRO capabilities by expanding our services into electric motor sub- component repairs. Our investment in WAC allows us to provide our customers with expanded support at our Repair Stations and will vastly increase the number of capabilities we have to reduce the costs associated with providing MRO services to our customer base.”
Mast continues to explain the acquisition of WAC expands PAG’s footprint in Canada with the addition of this second location in Toronto. PAG also has a Canadian location in Vancouver. “WAC has been a trusted supplier to PAG for almost 20 years, and we are excited to bring them on board as part of PAG,” said Mast.
WAC is housed in a 20,000-square-foot facility with more than 60 highly skilled technicians, technologically advanced equipment, and engineering knowledge. Its operations have been fully approved by DOT/FAA/EASA, and HKAR. PAG holds 11 locations, nine Repair Stations, and more than 300,000-square-feet of sales and service facilities in the United States, Canada, Australia, Singapore and Brazil. Working with both fixed- and rotary-wing supply chains, PAG subsidiaries have MRO capabilities on more than 25,000 products, including accessories, avionics, dynamic components, fuel accessories, hydraulics, instruments, starter/generators, and wheels/brakes.
“WAC is very enthusiastic about becoming part of PAG,” said Moty Zeharia, president of WAC. “They have been a key customer of ours for a very long time and have been great to work with. Now as a part of PAG, we will significantly expand our product and service offerings by making significant investments in new products, processes and repair capabilities. We have worked closely with the management team of PAG throughout the acquisition process and believe that this partnership will provide significant benefit to our customers, vendors, and employees.”
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