M&A Deal Summary

Compass Precision Acquires Gray Manufacturing Technologies

On August 28, 2020, Compass Precision acquired machinery company Gray Manufacturing Technologies

Acquisition Highlights
  • This is Compass Precision’s 4th transaction in the Machinery sector.
  • This is Compass Precision’s 4th transaction in the United States.
  • This is Compass Precision’s 4th transaction in North Carolina.

M&A Deal Summary
Date 2020-08-28
Target Gray Manufacturing Technologies
Sector Machinery
Buyer(s) Compass Precision
Deal Type Add-on Acquisition

Target

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.

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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 4 of 7
Sector (Machinery) 4 of 4
Type (Add-on Acquisition) 3 of 6
State (North Carolina) 4 of 4
Country (United States) 4 of 6
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-29 Douglas Machining

Winona, Minnesota, United Kingdom

Douglas Machining has built on customer satisfaction and quality services that has built its reputation on customer satisfaction and quality service. Since 2005, the company specialized in producing intricate machined components to print or per specific customer requirements while offering service with a job shop mentality. Its focus allows to be reactive to customer's needs while offering solutions on a no job too small and no job too large basis. Douglas Machining is based in Winona, Minnesota.

Buy -
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