KRG Capital Partners, a Denver-based buyout firm, has entered into a merger agreement to sell PAS International Holdings, Inc., a leading provider of OEM and aftermarket aerospace and industrial gas turbine components as well as oil & gas valve components, to StandardAero Holdings, Inc.
PAS Technologies Inc. is a privately held corporation and operates globally in six locations including Hillsboro, Ohio; Kansas City, Missouri; Phoenix, Arizona; South Windsor, Connecticut; Singapore; and Romania. The company specializes in working with customers whose components are exposed to high wear, high heat and corrosive environments.
PAS’ Chief Executive Officer, Tom Hutton, said “We thank KRG for their support and are excited about continuing to execute our growth strategy as part of StandardAero.”