M&A Deal Summary

Compass Precision Acquires Tri-Tec Industries

On December 17, 2019, Compass Precision acquired machinery company Tri-Tec Industries from ZP Enterprises

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 Tri-Tec Industries
Sector Machinery
Buyer(s) Compass Precision
Sellers(s) ZP Enterprises
Deal Type Divestiture

Target

Tri-Tec Industries

Charlotte, North Carolina, United States
Tri-Tec Industries is a provider of precision machining and light fabrication company that specializes in low-mid volume OEM components and part contract manufacturing. Tri-Tec Industries was founded in 1997 and is based in Charlotte, 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 (Divestiture) 1 of 1
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 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
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 -

Seller(S) 1

SELLER

ZP Enterprises

Atlanta, Georgia, United States
Category Company
Sector Machinery
DESCRIPTION

ZP Enterprises LLC is a provider of precision machined parts and specialty coatings to commercial OEM's and government customers across the U.S. and globally.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-22 Tri-Tec Industries

Charlotte, North Carolina, United States

Tri-Tec Industries is a provider of precision machining and light fabrication company that specializes in low-mid volume OEM components and part contract manufacturing. Tri-Tec Industries was founded in 1997 and is based in Charlotte, North Carolina.

Buy -
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