Business & GA

AMG to Buy Precision Electronics

By Tish Drake | May 7, 2007

Aero Maintenance Group (AMG) said it is acquiring Atlanta-based Precision Electronics, a FAA-certified repair station specializing in electronic and electro-mechanical accessories and instruments used on Bombardier and Embraer aircraft. Financial terms of the deal were not disclosed. AMG, which is based in Miami, said Precision Electronics will enhance its ability to provide total component repair services to regional aircraft operators through expanded technical expertise, increased production resources and additional repair capabilities. “Through this acquisition, AMG solidifies its investment in the fast growing regional aviation market by adding a range of capabilities and expertise that is complementary to the existing products offered by our regional aircraft repair center AMG Flite Components in Dallas,” said Ben Quevedo, CEO of AMG. Founded in 1988 and with a workforce of about 70 employees, Precision Electronics counts Atlantic Southeast Airlines, Comair, ExpressJet Airlines and SkyWest Airlines among its customers.

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