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PAG to buy Pegasus Aircraft, Expand Operations 4/27/2007
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
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