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

Bain Capital, Compass Partners and Pine Island-backed Precinmac, a manufacturer of machined components and assemblies, completed the acquisition of Petersen, a provider of industrial products and services. Financial terms were not disclosed. “We are excited to continue our expansion by adding another best-in-class large format business which expertly serves the needs of the market. This business is complimentary to the recent acquisition of Major Tool and Machine which was added to our portfolio in September of 2021," Eric Wisnefsky, Precinmac CEO.