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New Deal


Announced

Completed

An investor group completed the acquisition of Precinmac Precision Machining from GenNx360.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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precision machining

United States

Acquisition

Majority

Friendly

Private

Canada

Private Equity

Completed

Machinery: Industrial

Single Bidder

Cross Border

Disposal

Synopsis

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Private equity firms Pine Island Capital Partners, Bain Capital Credit and Compass Partners Capital completed the acquisition of Precinmac Precision Machining, a diversified manufacturer of high-tolerance precision machined components and assemblies, from GenNx360 Capital Partners, a private equity firm. Financial terms were not disclosed. “With the support of Pine Island, Bain Capital, and Compass, we are excited to continue to expand the business by assisting high requirements customers who need impeccable quality, additional capacity, and flawless service,” Eric Wisnefsky, Precinmac CEO.

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