Precision Aviation Group (PAG) has completed its acquisition of Icon Aerospace and TAG Aero, further expanding its portfolio of maintenance, repair, and overhaul (MRO) services for avionics and engines.

Indian Trail, North Carolina-based Icon Aerospace repairs and overhauls aircraft avionics, instruments, radios, and other accessories. The repair station has about 150 employees and has FAA, EASA, and CAA approval. TAG, which is based in Rock Hill, South Carolina, is another FAA/CAA/EASA-approved repair station that specializes in repairs of auxiliary power units and employs 60 people. Both Icon and TAG were previously owned by Florida-based investment firm Mill Hill Capital.

PAG noted TAG Aero and Icon customers will now have access to its global network of MRO providers and its “inventory-supported MRO” model, which the company says “ensures increased parts availability, faster turnaround times, and expanded support.” 

“Icon and TAG joining PAG significantly bolster our avionics services and engines services businesses with incremental capabilities, which will allow us to better serve our customers with a broader range of repair capabilities,” said David Mast, president and CEO of PAG.

According to PAG, the company now runs 24 FAA-approved repair stations and has more than 1.1 million sq ft of facilities around the world. It employs more than 1,000 people and conducts about 150,000 repairs annually.