M&A Deal Summary

Compass Precision Acquires Advanced Machining

On December 17, 2019, Compass Precision acquired machinery company Advanced Machining

Acquisition Highlights
  • This is Compass Precision’s 3rd transaction in the Machinery sector.
  • This is Compass Precision’s 3rd transaction in the United States.
  • This is Compass Precision’s 3rd transaction in North Carolina.

M&A Deal Summary
Date 2019-12-17
Target Advanced Machining
Sector Machinery
Buyer(s) Compass Precision
Deal Type Add-on Acquisition

Target

Advanced Machining

Salisbury, North Carolina, United States
Advanced Machining LLC specialized in prototype and short to intermediate run production for industries such as medical, power generation, aerospace, defense, and automotive. Advanced Machining was founded in 1985 and is based in Salisbury, North Carolina.

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Buyer(S) 1

Buyer

Compass Precision

Charlotte, North Carolina, United States
Category Company
Sector Machinery
DESCRIPTION

Compass Precision is a high-precision metal manufacturing company servicing a diversified group of blue-chip customers in the aerospace & defense, medical, industrial, energy, and telecommunication industries. Compass Precision is based in Charlotte, North Carolina.

DEAL STATS #
Overall 3 of 7
Sector (Machinery) 3 of 4
Type (Add-on Acquisition) 2 of 6
State (North Carolina) 3 of 4
Country (United States) 3 of 6
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 Quality Products

Charlotte, North Carolina, United States

Quality Products LLC provides precision machining and fabrication services for OEM manufacturers, with significant experience serving customers in the power generation, defense, and light rail industries. Quality Products was founded in 1962 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-28 Gray Manufacturing Technologies

Denver, North Carolina, United States

Gray Manufacturing Technologies is a manufacturer of precision metal components for space, aerospace, and defense industries. Manufacturing capabilities include sophisticated, multi-axis machining, testing, and assembly. Their advanced capabilities allow them to produce complicated metal geometries required for many space, aerospace, and defense applications. Gray is based in Denver, North Carolina.

Buy -
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