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KRG Capital Partners completes investment in PAS Technologies

KRG Capital Partners, a Denver-based private equity firm, has completed an investment in PAS Technologies, a provider of repairs and coatings for the aerospace, industrial gas turbine and oil and gas markets.

PAS is the eighth platform company for KRG’s USD1.96bn Fund IV and represents KRG’s second platform investment in the aerospace market.

"We are excited to be partnering with the PAS team,” says Chuck Hamilton, managing director of KRG Capital. "PAS is a customer-focused organisation with impressive global repair and coating capabilities that enable it to deliver value-added solutions for its partners. We expect to continue to invest in the company’s people and technologies to expand PAS’ growth opportunities and to build upon the impressive operations that its management has developed.”

"The PAS team has spent considerable time with KRG and is looking forward to the new partnership,” says Phil Milazzo, president and chief executive officer of PAS. “We believe KRG and PAS share a common approach to conducting business with the highest standards and KRG’s resources and investment philosophy will enable us to accelerate our development of innovative repair and coating capabilities in support of our customers and OEM partners on a global basis.”

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