Atlanta, Georgia-based Precision Aviation Group (PAG) has acquired Velocity Aerospace Group, a provider of aviation MRO services as well as manufacturing. Velocity is headquartered in Frisco, Texas and operates three FAA repair stations in Burbank, California; Fort Lauderdale, Florida; and Van Nuys, California under the EDN Aviation brand.

"Velocity is a great fit for PAG, by expanding our avionics and DER repair portfolio, as well as entering into the manufacturing space. It has a long history of delivering exceptional customer service, industry leading products and cost-effective repair solutions," says president and CEO David Mast. With the Burbank and Van Nuys facilities added to our existing operations in Long Beach and Camarillo, as well as the new facility in Fort Lauderdale, we now have 'next generation avionics MRO centres of excellence' in southern California and south Florida that allow us to better serve our customers. These locations employ 140 personnel, perform over 25,000 annual repairs and operate out of over 110,000 sq ft of MRO facilities. I am excited about the collaboration of these facilities in terms of leveraging our avionics expertise, infrastructure and our focus on next generation avionics repair solutions."

Velocity vice president and general manager Dan McDonald adds: "It's a very exciting time to join PAG as it continues to execute its strategic growth plans, which include significant investments in Velocity's product and service offerings, process updates and new repair capabilities. We have worked closely with PAG's management team throughout the acquisition process and believe this partnership will provide significant benefits to our customers, vendors and employees."