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Precinmac To Acquire Petersen Inc.

PRIVATEApr 04, 2022

Acquiring Company

Precinmac

Acquired Company

Petersen

ManufacturingManufacturingNatural Resources

Description

Precinmac, a diversified manufacturer of high-precision machined components and assemblies, announced today that it has acquired Petersen Inc., an award winning provider of high-quality industrial products and services. The addition expands Precinmac’ s capabilities and product offerings to better serve the aerospace and defense, semiconductor, power generation/energy, medical, and general industrial sectors.

Quick answer

Precinmac is acquiring Petersen, announced April 4, 2022.

How much did Precinmac pay for Petersen?
The deal value was not disclosed.
What does Precinmac do?
Precinmac (https://www.precinmac.com) is a leading diversified manufacturer of high-tolerance precision machined components and assemblies.
Who are the decision-makers at Precinmac?
Fundz holds 1 contact at Precinmac. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Natural Resources and Manufacturing

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Precinmac

About

Precinmac (https://www.precinmac.com) is a leading diversified manufacturer of high-tolerance precision machined components and assemblies. The Precinmac brand represents a family of eight operating companies in the United States and Canada- Maine Machine Products Company, Hoppe Technologies, Trimaster Manufacturing, HPG, Viper Northwest, Shields Manufacturing, Major Tool and Machine, and Petersen Inc. Precinmac is owned by Pine Island Capital Partners, LLC, Bain Capital Credit, LP, and Compass Partners Capital. Alantra served as financial advisors and Willke Farr & Gallagher, LLP and Weil, Gotshal & Manges LLP served as legal advisors to Precinmac. Stout served as accounting and tax advisors, and Polsinelli as legal advisors to Petersen Inc.

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Frequently asked

Who acquired Petersen?

Petersen was acquired by Precinmac. The deal was reported on April 4, 2022. Precinmac (https://www.precinmac.com) is a leading diversified manufacturer of high-tolerance precision machined components and assemblies. Precinmac is privately held and operates in Manufacturing.

When did Precinmac acquire Petersen?

Precinmac's acquisition of Petersen was reported on April 4, 2022. Precinmac, a diversified manufacturer of high-precision machined components and assemblies, announced today that it has acquired Petersen Inc., an award winning provider of high-quality industrial products and services. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Petersen do?

Petersen Inc. is a worldwide industry leader in custom fabrication, precision machining, and manufacturing services. It is privately held, operating in Manufacturing.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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