M&A Deal Summary

Cadrex Manufacturing Solutions Acquires IDL Precision Machining

On September 20, 2022, Cadrex Manufacturing Solutions acquired manufacturer IDL Precision Machining

Acquisition Highlights
  • This is Cadrex Manufacturing Solutions’ 6th transaction in the Manufacturing sector.
  • This is Cadrex Manufacturing Solutions’ 7th transaction in the United States.
  • This is Cadrex Manufacturing Solutions’ 1st transaction in Washington.

M&A Deal Summary
Date 2022-09-20
Target IDL Precision Machining
Sector Manufacturing
Buyer(s) Cadrex Manufacturing Solutions
Deal Type Add-on Acquisition

Target

IDL Precision Machining

Mukilteo, Washington, United States
IDL Precision Machining is an engineering-focused manufacturer of highly complex precision components and assemblies primarily for the aerospace & defense end market. IDL Precision Machining was founded in 1987 and is based in Mukilteo, Washington.

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Buyer(S) 1

Buyer

Cadrex Manufacturing Solutions

Romeoville, Illinois, United States
Category Company
Founded 1976
Sector Manufacturing
DESCRIPTION

Cadrex Manufacturing Solutions is a provider of complex production parts, weldments, assemblies, and proprietary products for a variety of end markets, including information & communication and technology, aerospace & defense, warehouse automation, robotics, medical, electronic gaming, food, and industrials. With locations in 11 states and Mexico, Cadrex offers in-house manufacturing capabilities, including laser cutting, sheet metal fabrication, injection molding, electromechanical assembly, CNC punching, CNC machining, robotic welding, stamping, fastener insertion, and tool and die manufacturing, to effectively serve customers with manufacturing capabilities from low- through high-volume production. Cadrex Manufacturing Solutions was formed in 1976 and is based in Romeoville, Illinois.

DEAL STATS #
Overall 7 of 9
Sector (Manufacturing) 6 of 8
Type (Add-on Acquisition) 7 of 9
State (Washington) 1 of 1
Country (United States) 7 of 9
Year (2022) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 Tenere

Dresser, Wisconsin, United States

Tenere is a designer and builds hard tool-manufactured products. It offers design and engineering, sheet metal fabrication and stamping, plastic injection molding, custom precision machining, and logistical solutions and services. Tenere was founded in 1966 and is based in Dresser, Wisconsin.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 EPMP

Seguin, Texas, United States

EPMP provides high-volume sheet metal punching, forming, welding and assembly capabilities utilizing a variety of different metals, including aluminum, copper and brass, as well as carbon, galvanized and stainless steel. EPMP was founded n 1984 and is based in Seguin, Texas.

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