Search

Compass Precision Acquires R&D Machine | News | bakersfield.com - The Bakersfield Californian

jokbanga.blogspot.com

PITTSBURGH--(BUSINESS WIRE)--Apr 29, 2022--

Main Street Capital Holdings, LLC, a Pittsburgh-based private equity firm, is pleased to announce the acquisition of R&D Machine and Engineering, Inc., by its portfolio company, Compass Precision, LLC. R&D Machine is a leading manufacturer of precision metal components based in Oldsmar, FL.

R&D Machine is the sixth operating company for Compass Precision. “R&D fits in perfectly with our strategy of building a decentralized collection of high-quality precision machine shops serving growth markets,” explained Compass President and CEO, Gary Holcomb. Operating companies are supported by Compass’s centralized platform resources which provide strategic guidance, operational expertise, sales and marketing support, as well as other administrative support services.

R&D Machine is home to state-of-the-art equipment, a highly skilled workforce, and an outstanding blue-chip customer base. It has extensive 5-axis machining capabilities and primarily serves customers in the aerospace, defense, and space markets. “We are excited to be joining forces with R&D Machine and we plan to continue to build off the legacy that was built by Carl and Hilary Whitley for over two decades,” added Gary Holcomb.

Dennis Prado, Managing Partner of Main Street commented, “It’s been a pleasure to work with the Compass management team to source and complete another add-on acquisition. We plan to continue to supplement the company’s strong organic growth with acquisitions. We will remain selective and focus on only the highest quality precision machining opportunities for Compass.”

Compass Precision will continue to look to acquire companies with complementary products, end-markets, geographies, or manufacturing capabilities. Of particular interest are companies with advanced production capabilities, strong management teams, recurring projects, and high growth end-markets.

About Compass Precision, LLC

Based in Charlotte, NC, Compass Precision, LLC, was created to acquire companies in the precision metal manufacturing industry. Compass Precision was formed in October 2019 through the acquisition of Quality Products & Machine, LLC, Advanced Machining & Tooling, LLC, and Tri-Tec Industries Inc. Gray Manufacturing Technologies, LLC and Douglas Machining Services, LLC, were subsequently acquired in 2020 and 2021, respectively. Compass’s manufacturing capabilities include advanced CNC machining, EDM, fabricating, assembly, and test services. The companies service a diversified group of blue-chip customers in the aerospace & defense, space, medical, industrial, energy, and telecommunication industries. For more information, please visit www.compassprecision.com.

About Main Street Capital Holdings, LLC

Founded in 1994, Main Street Capital Holdings, LLC is a Pittsburgh-based private equity firm that acquires companies in a select group of industries at the lower end of the middle market. Main Street acquires control positions in companies with enterprise values ranging from $10 million to $125 million. A key to Main Street’s success is its strong partnerships with existing management teams and proven operators. For more information, please visit www.mainstcap.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220429005419/en/

CONTACT: Dennis Prado, Managing Partner

Main Street Capital Holdings, LLC

Email:dprado@mainstcap.com

Phone: 412-904-3561Ryan Davis, Managing Partner

Main Street Capital Holdings, LLC

Email:wrdavis@mainstcap.com

Phone: 412-224-2734

KEYWORD: PENNSYLVANIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES ENGINEERING AEROSPACE MANUFACTURING FINANCE OTHER MANUFACTURING STEEL

SOURCE: Main Street Capital Holdings, LLC

Copyright Business Wire 2022.

PUB: 04/29/2022 10:14 AM/DISC: 04/29/2022 10:14 AM

http://www.businesswire.com/news/home/20220429005419/en

  • Positive Cases Among Kern Residents: 242,803

  • Deaths: 2,323

  • Recovered and Presumed Recovered Residents: 238,568

  • Percentage of all cases that are unvaccinated: 77.11

  • Percentage of all hospitalizations that are unvaccinated: 84.08

  • Source: Kern County Public Health Services Department

Updated: 4/12/21

More Coronavirus coverage

Adblock test (Why?)



"machine" - Google News
April 29, 2022 at 09:14PM
https://ift.tt/BM4Iowd

Compass Precision Acquires R&D Machine | News | bakersfield.com - The Bakersfield Californian
"machine" - Google News
https://ift.tt/u3NLKGn
https://ift.tt/dnk62Wc

Bagikan Berita Ini

0 Response to "Compass Precision Acquires R&D Machine | News | bakersfield.com - The Bakersfield Californian"

Post a Comment

Powered by Blogger.