M&A Deal Summary

Alleghany Capital Acquires Precision Cutting Technologies

On June 24, 2019, corporate investor Alleghany Capital acquired machinery company Precision Cutting Technologies

Acquisition Highlights
  • This is Alleghany Capital’s 1st transaction in the Machinery sector.
  • This is Alleghany Capital’s 7th transaction in the United States.

M&A Deal Summary
Date 2019-06-24
Target Precision Cutting Technologies
Sector Machinery
Buyer(s) Alleghany Capital
Deal Type Consolidation

Target

Precision Cutting Technologies

United States
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.

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Buyer(S) 1

Buyer

Alleghany Capital

Category Corporate Investor
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alleghany Capital Corp. is the investment arm of diversified holding company Alleghany Corporation. Alleghany Capital looks to acquire majority or minority positions in profitable middle-market companies headquartered throughout North America. Alleghany Capital does not have any sector preferences and generally seeks businesses with scalable market positions, strong management, and sustainable competitive advantages. Alleghany Capital is based in New York City.

DEAL STATS #
Overall 7 of 7
Sector (Machinery) 1 of 1
Type (Consolidation) 1 of 1
Country (United States) 7 of 7
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 Concord Hospitality Enterprises

Raleigh, North Carolina, United States

Concord Hospitality Enterprises Co. is a hotel development and management company. Concord has maintained an unparalleled standard of excellence across all capabilities as a hotel developer, owner, and operator, providing dedicated hotel management services to both full-service and upscale select-service properties. Together with the non-negotiables of hard work, integrity, and transparency, Concord applies a relationship-first mentality to every project. Concord Hospitality Enterprises was founded in 1985 and is based in Raleigh, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-31 Stranded Oil Resources

New York, New York, United States

Stranded Oil Resources Corp. is an operator in exploration and production, focused on enhanced oil recovery.

Sell -
Mergr

Product

Company

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