M&A Deal Summary

Centerbridge Partners Acquires Precinmac Precision Machining

On October 14, 2024, asset manager Centerbridge Partners acquired manufacturer Precinmac Precision Machining

Acquisition Highlights
  • This is Centerbridge Partners’ 2nd transaction in the Manufacturing sector.
  • This is Centerbridge Partners’ 39th transaction in the United States.
  • This is Centerbridge Partners’ 1st transaction in Maine.

M&A Deal Summary
Date 2024-10-14
Target Precinmac Precision Machining
Sector Manufacturing
Buyer(s) Centerbridge Partners
Deal Type Secondary Buyout
Advisor(s) Goldman Sachs (Financial)
Weil Gotshal & Manges (Legal)

Target

Precinmac Precision Machining

South Paris, Maine, United States
Precinmac Precision Machining is a manufacturer of high tolerance precision machined components and assemblies. The company formulates cost-saving alternatives to current production and sourcing methods by offering a single-source solution for precise, high-quality, flexible, and on-time manufacturing to top-tier customers globally. Precinmac Precision Machining is based in South Paris, Maine.

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Buyer(S) 1

Buyer

Centerbridge Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2005
PE ASSETS 38.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Centerbridge Partners is a mega-sized private equity firm focused primarily on distressed/special situations in North America and Europe. In addition to making control investments, Centerbridge also maintains funds for non-control credit investments. Centerbridge was formed in 2005 and is based in New York City.

DEAL STATS #
Overall 47 of 47
Sector (Manufacturing) 2 of 2
Type (Secondary Buyout) 27 of 27
State (Maine) 1 of 1
Country (United States) 39 of 39
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-08 Remedi SeniorCare

Baltimore, Maryland, United States

Remedi SeniorCare delivers comprehensive pharmacy services, pharmacy consulting, and data management services to nursing homes, assisted living, and continuing care retirement communities. The business is committed to helping these organizations achieve outstanding care, financial strength, and medication safety. Remedi combines their culture of caring with real-world pharmacy services and best-in-class technology to give organizations more time and resources and help them focus on caring for their residents. Remedi SeniorCare was formed in 1954 and is based in Baltimore, Maryland.

Sell -
Mergr

Product

Company

Legal