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Fort Worth-based Novaria Group, a leading supplier of specialty components for the aerospace and defense industries, has acquired Precision Aero Corp (PAC), the company announced Wednesday.
PAC, a subsidiary of Precision Products Machining Group, is based in Troy, Ohio, and specializes in manufacturing fusible plugs and other aftermarket components used in safety-critical aerospace applications.
Terms of the transaction were not disclosed.
PAC is recognized for supplying global aerospace customers with proprietary and custom components that support wheel and brake systems. Its products are designed for high-performance, mission-critical uses, and the company has developed a strong reputation for reliability in the aerospace sector.
“The acquisition of PAC supports Novaria’s continued commitment to enhancing the aerospace supply chain,” said Novaria CEO Bryan Perkins said in a statement. “PAC’s technical expertise and proprietary products enhance our ability to serve key customers and expand our portfolio of safety-critical components.”
PAC will continue to operate out of its current facility in Troy, and the existing site-level leadership team will remain in place, according to Novaria.
“We are proud of the success PAC has achieved under our ownership,” said PPMG CEO Donald Brown said. “Novaria is well-equipped to take the company forward, and we’re confident that PAC’s customers and employees will benefit from this next chapter of growth under Novaria’s leadership.”