CPE Capital, a private capital manager, completed the acquisition of Levett Engineering, a precision component manufacturer with an Australian and international client base that includes the defence, aerospace, medical, electronics and commercial engineering sectors. Financial terms were not disclosed. “I’m incredibly proud of what the team at Levett has achieved since its founding in 1989. The acquisition by CPE Capital’s Australian defence portfolio company will provide the capacity and capability to better service our existing clients in the Joint Strike Fighter Program, and create the platform to service new clients in different domains and programs,” Paul Levett, Levett Engineering Founder and Owner.