Miami, Fla. – Precision Aerospace Group, Inc. (PAG), a provider of products and value-added services to the Aerospace, Defense, and Space industries, has recently made a significant stride in its expansion strategy by acquiring a majority interest in Aerofab NDT, LLC, a reputable player in the non-destructive testing (NDT) market.
Aerofab NDT is distinguished for its specialization in manufacturing custom parts, sourcing alternative solutions for outdated NDT equipment, and delivering tailored NDT testing standards. The integration of Aerofab NDT’s capabilities into PAG’s operations is expected to be transformative, propelling the company’s offerings to new heights and solidifying its position in the aerospace and aviation sectors.
This strategic acquisition is projected to yield substantial growth for PAG, with expectations of increasing the company’s overall revenue and profitability by approximately 50%. Such a significant boost underscores the strategic value of the partnership and the anticipated synergies between the two entities.
Al Razavi, Managing Partner at TAP Financial Partners, PAG’s advisors, highlighted the transformative potential of the acquisition, stating, “The majority interest acquisition of Aerofab NDT marks a pivotal moment in our growth trajectory. By harnessing the combined strengths and expertise of both organizations, we anticipate delivering unparalleled value to our customers.”
Doug Melvin, former owner of Aerofab NDT, expressed optimism about the partnership, emphasizing the potential for growth and innovation. “Joining forces with Precision Aerospace Group’s Non-Destructive Testing Group presents exciting opportunities for expansion and enhancement of our services,” Melvin noted.
With Aerofab NDT’s addition to its portfolio, PAG is poised to capitalize on the increasing demand for reliable and innovative NDT solutions in the Aerospace, Defense, and Space industries. The acquisition aligns seamlessly with PAG’s commitment to delivering cutting-edge solutions and reinforces its reputation as a trusted partner in the industry.
In summary, PAG’s acquisition of a majority interest in Aerofab NDT signifies a strategic move aimed at driving growth and unlocking new opportunities in the competitive NDT market. With expectations of a significant increase in revenue and profitability, the partnership underscores PAG’s determination to lead the way in delivering excellence and innovation to customers.
About Precision Aerospace Group:
Precision Aerospace Group, Inc. is a provider of products and value-added services to the Aerospace, Defense, and Space industries. Founded with a vision to enhance support markets for these industries, PAG offers unparalleled service offerings and capabilities to its customers. For more information, visit www.precisionaerospacegroup.com.
About TAP Financial Partners:
TAP Financial Partners is a boutique merchant bank offering advisory, restructuring, debt, and equity fundraising services, as well as up-listing advice to small and mid-sized enterprises. With a focus on providing tailored financial solutions and strategic guidance, TAP Financial Partners assists clients in achieving their growth objectives. For more information on this acquisition and TAP Financial Partners’ services, please visit www.tap-partners.com or contact info@tap-partners.com.