Pine Island Capital Partners, Bain Capital and Compass Partners-backed Precinmac completed the acquisition of Major Tool and Machine.

Pine Island Capital Partners, Bain Capital and Compass Partners-backed Precinmac, a diversified manufacturer of high-precision machined components and assemblies in the aerospace and defense, semiconductor, medical, and general industrials sectors, completed the acquisition of Major Tool and Machine, which specializes in serving the aerospace and defense, power generation, energy, semiconductor, and oil and gas markets. Financial terms were not disclosed. "We are excited to expand our capabilities by adding a best-in-class large format business which expertly serves the needs of the market. This acquisition is another step in the advancement of our multi-faceted strategy to expand our business through acquisitions in all sectors of the industry base. Major Tool and Machine is a full complement to our existing portfolio," Eric Wisnefsky, Precinmac CEO.