M&A Deal Summary

Precision Cutting Technologies Acquires CID Performance Tooling

On June 24, 2019, Precision Cutting Technologies acquired machinery company CID Performance Tooling

Acquisition Highlights
  • This is Precision Cutting Technologies’ 3rd transaction in the Machinery sector.
  • This is Precision Cutting Technologies’ 3rd transaction in the United States.
  • This is Precision Cutting Technologies’ 1st transaction in Maine.

M&A Deal Summary
Date 2019-06-24
Target CID Performance Tooling
Sector Machinery
Buyer(s) Precision Cutting Technologies
Deal Type Merger
Advisor(s) Ainsworth, Thelin & Raftice, P.A. (Legal)

Target

CID Performance Tooling

Saco, Maine, United States
website
CID Performance Tooling has been developing and manufacturing high-performance carbide end mills since the mid-1990s. The end mills within the catalog are stocked inventory and designed for material specific applications, as well as high-speed production environments. CID Performance Tooling is a trusted supplier for the manufacturing and regrinding of modified standards, specialty end mills, form tools, and print specific items. We provide customers the best possible tooling, tailored specifically to the demands of their job, with fast and reliable turnaround times. All items produced at CID Performance Tooling are ground on the latest in CNC machinery, using the highest quality grinding wheels and specialty grinding techniques.

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Buyer(S) 1

Buyer

Precision Cutting Technologies

United States

website

Category Company
Founded 2019
Sector Machinery
DESCRIPTION

Precision Cutting Technologies is a holding company with three operating businesses: (i) Bourn & Koch, Inc., a provider of precision automated machine tool solutions with a portfolio of 28 well-known brands and a focus on gear and grinding machinery; (ii) Diamond Technology Innovations, Inc., a manufacturer of waterjet orifices and nozzles and a provider of related services; and (iii) Coastal Industrial Distributors, LLC (dba CID Performance Tooling), a provider of high-performance solid carbide end mills.

DEAL STATS #
Overall 3 of 4
Sector (Machinery) 3 of 4
Type (Merger) 3 of 3
State (Maine) 1 of 1
Country (United States) 3 of 4
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-24 Bourn & Koch

Rockford, Illinois, United States

Bourn & Koch, Inc. is a manufacturer and remanufacturer/retrofitter of gear hobbing, gear shaping, gear grinding, vertical turning centers, vertical grinding centers, boring, rotary transfer, multispindle, inspection and specialty machine tools.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-02 Supermill

Berlin, Connecticut, United States

Supermill LLC is a manufacturer of Ultra performance and High-performance carbide end mills. Supermill LLC manufactures with state of the art equipment in a clean modern facility.

Buy -
Mergr

Product

Company

Legal