Centerbridge Partners to acquire Precinmac from Pine Island Capital Partners, Bain Capital and Compass Partners.

Centerbridge Partners, an alternative investment manager, agreed to acquire Precinmac, a manufacturer of high-complexity precision components, from Pine Island Capital Partners, Bain Capital and Compass Partners, three investors. Financial terms were not disclosed. "Precinmac is an impressive platform with unique capabilities, strong customer relationships and an exceptional track record of growth. We are excited to partner with a company and team of this caliber," Steve Silver, Centerbridge Global Co-Head of Private Equity and Senior Managing Director.