Alantra advises Precinmac on the acquisition of Major Tool & Machine
SECTORAerospace & Defense; Industrials
Boston – Alantra, a leading global investment bank and asset management firm, is pleased to announce that Precinmac Precision Machining (“Precinmac”) has acquired Major Tool & Machine LLC (“MTM”), an Indiana-based manufacturer specializing in large complex CNC milling and turning machining, manual and robotic welding, engineering, inspection, and assembly services. The transaction closed on August 31, 2021, and terms were not disclosed.
The MTM acquisition helps to solidify Precinmac as the premier North American provider for highly complex machined aerospace & defense and semiconductor components and adds to its large format machining capabilities. This is the third acquisition Alantra has completed for Precinmac and is the ninth aerospace & defense-related transaction for Alantra in the past 12 months. Precinmac’s acquisitions of Viper, a precision manufacturer of OEM components for a variety of high tech industries, and Shields, a family-owned business specializing in complex, high tolerance Computerized Numerical Control (CNC) machined components, assembly and plastic fabrication, closed in December 2020.
Wade Aust, Managing Director & Partner with Alantra, said, “Alantra has been honored to assist Precinmac with its North American business expansion across all sectors. This is the third deal we have completed for Precinmac in the past 8 months, and we look forward to continuing to work with them in the months ahead.”
“MTM is an excellent addition to the Precinmac group,” said David Waldstein, Managing Director with Alantra. “The transaction adds to Precinmac’s strong position in the defense sector and brings technical capabilities in large format machining and fabrication which can be leveraged across the overall group.”
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