M&A Deal Summary

CIC Partners Acquires Precision Aerospace

On August 19, 2022, private equity firm CIC Partners acquired aerospace company Precision Aerospace

Acquisition Highlights
  • This is CIC Partners’ 1st transaction in the Aerospace sector.
  • This is CIC Partners’ 42nd transaction in the United States.
  • This is CIC Partners’ 25th transaction in Texas.

M&A Deal Summary

Date 2022-08-19
Target Precision Aerospace
Sector Aerospace
Buyer(s) CIC Partners
Deal Type Consolidation

Target

Precision Aerospace

Dallas, Texas, United States
Precision Aerospace is an aerospace manufacturing business focused on hard metal and tight tolerance product manufacturing for the defense and space end markets. Precision Aerospace is based in Dallas, Texas.

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Buyer(S) 1

Buyer

CIC Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CIC Partners is a lower middle-market private equity firm that targets investments in energy, food service, manufacturing, service, retail, technology, and media companies. CIC looks for businesses generating sales of $10 to $500 million where the firm can invest $5 to $50 million of equity capital, either as a majority or minority position. Prospective transaction situations include management-led buyouts, growth financings, and recapitalizations. CIC Partners is the successor to Cardinal Investment Company's Private Equity Group, originally formed in 1974. CIC Partners is based in Dallas, Texas.


DEAL STATS #
Overall 43 of 43
Sector (Aerospace) 1 of 1
Type (Consolidation) 2 of 2
State (Texas) 25 of 25
Country (United States) 42 of 42
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 TSU One

Fort Worth, Texas, United States

TSU One is a utility services company providing maintenance, repair, and installation of natural gas and electric distribution infrastructure for residential and commercial end users. TSU has provided quality service to utilities in Texas and the surrounding regions for over 20 years through its highly-trained workforce, well-maintained equipment, and stringent safety program. TSU One is based in Fort Worth, Texas.

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