M&A Deal Summary

Broadtree Partners Acquires Precision Devices

On December 15, 2020, private equity firm Broadtree Partners acquired manufacturer Precision Devices

Acquisition Highlights
  • This is Broadtree Partners’ 1st transaction in the Manufacturing sector.
  • This is Broadtree Partners’ 7th transaction in the United States.
  • This is Broadtree Partners’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2020-12-15
Target Precision Devices
Sector Manufacturing
Buyer(s) Broadtree Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Precision Devices

Wallingford, Connecticut, United States
Precision Devices is a remanufacturer of electric motors and other components for the material handling industry. Precision Devices was founded in 1981 and is based in Wallingford, Connecticut.

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Buyer(S) 1

Buyer

Broadtree Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Agnostic
DESCRIPTION

Broadtree Partners is a private equity firm focused on acquiring and investing in lower middle-market, US-based companies in partnership with management. The Firm does not have any stated sector preferences and seeks businesses with $5 to $75 million of revenue and $1 to $10 million of EBITDA. Broadtree Partners was formed in 2017 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 7 of 16
Sector (Manufacturing) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 14
State (Connecticut) 1 of 1
Country (United States) 7 of 16
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-12 Seanair Machine

Farmingdale, New York, United States

Seanair Machine is a family-run, 63-year-old manufacturer of OEM precision machined parts for the aerospace industry. The company has a strong history of innovation, producing high-quality precision parts for the aerospace industry. It produces structural parts, flight controls, material handling, ground support, fuel systems, landing gears, wing structure parts, removable panels, and weapon-delivery components. Seanair’s long body of work includes the A-6 Intruder, EA-6B Prowler, E-2C Hawkeye, C-2A Greyhound, F-14 Tomcat, the Lunar Module, C-130 Hercules, F-16 Viper, F22 Raptor, U2 Dragon Lady, SH-60 Sea Hawk, V-22 Osprey and several classified programs. The Company produces components in support of operational readiness and force projection of the US Armed Forces and their allies throughout the world. Seanair Machine was founded in 1957 and is based in Farmingdale, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Vital Care Industries

Tinley Park, Illinois, United States

Vital Care Industries is a distributor of equipment drapes, covers solidifiers sterilization pouches dust, cart covers steri tec, fluid warmer drapes, video/laser drapes, and x-ray cassette drapes products. Vital Care Industries was founded in 1984 and is based in Tinley Park, Illinois.

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