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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

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 45
Sector (Aerospace) 1 of 1
Type (Consolidation) 2 of 2
State (Texas) 25 of 26
Country (United States) 42 of 44
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-03 Activa Resources

San Antonio, Texas, United States

Activa Resources is an independent oil and gas company that focuses on the acquisition, development, and exploitation of oil and natural gas properties in the United States. The company owns a portfolio of drilling rights to oil and natural gas projects. The company's management comprises oil industry experts with many years of operational experience at major international oil companies. Activa commenced production of oil and natural gas in 2004 and is based in San Antonio, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-24 Packline USA

Los Angeles, California, United States

Packline USA is an integrated partner to food manufacturers. Packline USA utilizes its expertise to offer clients a unique, full-service suite of customized solutions including innovative packaging supplies and equipment, design and installation, inventory management and other value-added services. Packline USA was founded in 1994 and headquartered Los Angeles, California.

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