Alantra advises Precinmac on the acquisition of Shields Manufacturing
SECTORAerospace & Defense
Boston – Alantra, a leading global investment bank and asset management firm, is pleased to announce that Precinmac Precision Machining (“Precinmac”) has acquired Shields Manufacturing, Inc. (“Shields”), an Oregon based manufacturer of machined components for the semiconductor, life sciences and aerospace & defense markets. The transaction closed on December 15, 2020, and terms were not disclosed.
Based in Tualatin, Oregon, Shields is a family-owned business specializing in complex, high tolerance machined components, assembly and plastic fabrication. The acquisition of Shields will bring Precinmac an additional West Coast presence as well as medium and high complexity plastic machining capabilities.
This is the second acquisition Alantra has completed for Precinmac this month. Wade Aust, Managing Director & Partner with Alantra, said, “Precinmac approached Alantra to assist with North American business expansion in all sectors. We were thrilled to work with them to execute on their growth strategy and look forward to continuing the effort well into 2021.”
“The completion of this transaction is another important step in Precinmac’s development as a leading provider of machined aerospace & defense and semiconductor components,” said David Waldstein, Alantra Managing Director.
This was the fifth transaction in 2020 for Alantra’s Aerospace & Defense team, and seventh transaction for the team in the last 12 months. The Alantra US team advising Precinmac included Mr. Aust, Mr. Waldstein, Jackson Rimpas (Associate, New York), Tom Kulesa (Analyst, Boston) and Tim Orie (Analyst, Boston).
Jun 2021Sell-side advisoryJun 2021SECTOR Industrials; Aerospace & DefenseService M&A
Jun 2021Buy-side advisoryJun 2021SECTOR Aerospace & DefenseService M&A
Dec 2020Buy-side advisoryDec 2020SECTOR Aerospace & DefenseService M&A
Nov 2020Sell-side advisoryValue €67 millionNov 2020SECTOR Aerospace & DefenseService M&AValue €67 million