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Compass Precision Acquires Strom Manufacturing

Jul 12, 2022•over 3 years ago

Acquiring Company

Compass Precision

Acquired Company

Strom Manufacturing

CharlotteManufacturing

Description

Main Street Capital Holdings, LLC, a Pittsburgh-based private equity firm, is pleased to announce the acquisition of Strom Manufacturing, Inc., by its portfolio company, Compass Precision, LLC. Strom Manufacturing is the seventh operating company and second add-on acquisition completed by Compass Precision this year.

Company Information

Company

Compass Precision

Location

Charlotte, North Carolina, United States

About

Compass Precision is a collection of well-run CNC machining & fabrication shops focused on serving customers throughout the United States. United under common ownership, we utilize our scale & resources to hire & employ the most-skilled CNC programmers, machinists & other talented employees. Equally importantly, we aggressively invest in the latest capital equipment & IT systems to push the boundaries in productivity, automation & quality.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed