M&A Deal Summary

Precision Castparts Acquires Primus International

On July 10, 2011, Precision Castparts acquired aerospace company Primus International from Oak Hill Capital for 900M USD

Acquisition Highlights
  • This is Precision Castparts’ 5th transaction in the Aerospace sector.
  • This is Precision Castparts’ 2nd largest (disclosed) transaction.
  • This is Precision Castparts’ 12th transaction in the United States.
  • This is Precision Castparts’ 1st transaction in Washington.

M&A Deal Summary

Date 2011-07-10
Target Primus International
Sector Aerospace
Buyer(s) Precision Castparts
Sellers(s) Oak Hill Capital
Deal Type Add-on Acquisition
Deal Value 900M USD

Target

Primus International

Bellevue, Washington, United States
website
Primus International, Inc. is a Tier II global supplier of highly engineered metallic and composite parts, kits and assemblies to the international aerospace industry.

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Buyer(S) 1

Buyer

Precision Castparts

Portland, Oregon, United States

website


Category Company
Founded 1949
Sector Manufacturing
Employees29,900
Revenue 10.0B USD (2015)
DESCRIPTION

Precision Castparts is a manufacturer of complex metal components and products. It serves the aerospace, power, and general industrial markets. Precision Castparts was formed in 1953 and is headquartered in Portland, Oregon.


DEAL STATS #
Overall 13 of 31
Sector (Aerospace) 5 of 14
Type (Add-on Acquisition) 10 of 26
State (Washington) 1 of 1
Country (United States) 12 of 28
Year (2011) 2 of 2
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-14 Unison Engine Components

Manchester, Connecticut, United States

Unison Engine Components, Inc. manufacture of flash-welded and cold-rolled rings for jet engine and gas turbine applications, including spacer rings, combustion casings and liners, LPT casings, and fan cases. The innovative Tru-Form cold-rolling process produces a near-net-shaped part from a flash-welded ring, reducing material and machining costs and enabling the production of more complex part shapes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-08 RathGibson

Lincolnshire, Illinois, United States

RathGibson, Inc. is a manufacturer of high–performance welded austenitic stainless steel and specialty alloy tubing. RathGibson tubing is chosen where strength, durability and resistance to heat and corrosion are crucial. Representative end uses occur in industries such as oil and gas production and exploration, power generation, food and dairy, pharmaceuticals, biotechnology, petrochemicals and semiconductors.

Buy -

Seller(S) 1

SELLER

Oak Hill Capital

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1986
PE ASSETS 9.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.


DEAL STATS #
Overall 20 of 55
Sector (Aerospace) 1 of 3
Type (Add-on Acquisition) 7 of 23
State (Washington) 1 of 2
Country (United States) 16 of 46
Year (2011) 2 of 3
Size (of disclosed) 9 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-26 Intermedia

New York, New York, United States

Intermedia is a Unified Communications as a Service (UCaaS) and business cloud email provider that delivers highly-reliable and secure communications & collaboration solutions to more than 125,000 businesses and 6,600 active partners.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 SWS Group

Dallas, Texas, United States

SWS Group, Inc. is a Dallas-based company offering a broad range of investment and financial services through its subsidiaries.

Buy $100M