Precision Aviation Group (PAG) continued to expand and grow in 2011. We completed two acquisitions—Gardner Aviation Services (GAS)—located in Peachtree City, Ga. and Aero Technology, Inc. (ATI)—located in Long Beach, Calif. These acquisitions greatly enhance our MRO capabilities, expands our geographic footprint, and gives PAG two “on-Airport” locations with expansive hangar facilities. With these acquisitions, our total employment has grown to over 160, and our four facilities now encompass more than 150,000 square feet.
For 2012, we will be expanding our capabilities at all of our facilities, but our primary focus will be expanding our Rotary Wing services at our newly acquired companies. ATI and GAS will launch Helicopter-specific programs that will expand the type of services we can provide to our Global customer base. At ATI, we will be expanding their MRO capabilities to include Helicopter-specific Accessories, Avionics and Instruments. In addition to this, we will be adding customer service and support staff to specifically support the West Coast Helicopter market for ATI. In January, we will launch the Rotorcraft Services Division at GAS. The Rotorcraft Services Division will provide Airframe maintenance, Avionics upgrades/installations, and Aircraft retrofits for the Helicopter market. PAG hired two Helicopter Industry veterans to run this division in November, and we have already seen a dramatic increase in the number of Helicopters serviced at GAS. We are excited about the future opportunities this division creates for our Commercial and Government customer base.
In our continuing efforts to expand our Geographic footprint, in 2011 we hired a Regional Sales Manager in Lafayette, La. to better serve our customer base in the Gulf region. In 2012, we will be opening a facility in Lafayette that will include MRO services. In addition to this, we will continue to selectively pursue acquisitions that enhance the MRO services we provide to our customers.
In addition to the above, we will continue to focus on expanding our proven customer focused business model—Inventory Supported Maintenance Repair and Overhaul (ISMRO), and we will make substantial capital investments in all of our facilities.
However, as previously mentioned, the emphasis in 2012 will be on our Peachtree City and Long Beach locations. In direct support of ISMRO, we will continue investing in inventory that supports the aircraft our customers operate, and we have doubled our capital expenditure budget over 2011. Our capital investments will include tooling/equipment, logistics, technology based customer service improvements, ERP software upgrades, and various facility enhancements.
We continue to believe that Energy exploration and support will remain a growth area for Helicopter operations. In addition to this, the Australasia market has continued to be an area of expansion for our companies in the Rotary Wing market. Our support of Government programs presents an increasing opportunity for growth.
We are well positioned for continued growth, and look forward to a strong 2012.