M&A Deal Summary

CORE Industrial Partners Acquires PrecisionX

On February 14, 2023, private equity firm CORE Industrial Partners acquired manufacturer PrecisionX

Acquisition Highlights
  • This is CORE Industrial Partners’ 7th transaction in the Manufacturing sector.
  • This is CORE Industrial Partners’ 12th transaction in the United States.
  • This is CORE Industrial Partners’ 2nd transaction in New Jersey.

M&A Deal Summary
Date 2023-02-14
Target PrecisionX
Sector Manufacturing
Buyer(s) CORE Industrial Partners
Deal Type Consolidation

Target

PrecisionX

Clifton, New Jersey, United States
PrecisionX supplies critical use, high-reliability components to the aerospace, defense, medical device, battery, electronics, fuel cell, and industrial markets. The company is a specialist in high-tolerance components, national is known for its ability to manufacture complex shapes with exotic, high-performance raw materials such as Inconel, Monel, Kovar, Hastelloy, titanium, and tantalum. It offers customers complex 5-axis CNC machining and turning, custom toolmaking, laser welding, surface finishing, heat treatment, passivation, and degreasing. PrecisionX is based in Clifton, New Jersey.

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Buyer(S) 1

Buyer

CORE Industrial Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2017
PE ASSETS 700M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

CORE Industrial Partners is a private equity firm focused on acquiring mid-sized, North American, manufacturing and industrial technology companies. The Firm targets buyouts, non-core divestitures, and complex situations from a variety of sellers generating revenue up to $200 million. The Firm prefers companies with diverse customers, opportunities to add value, and operating fragmented markets. CORE Industrial Partners was established in 2017 and is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 12 of 16
Sector (Manufacturing) 7 of 7
Type (Consolidation) 2 of 2
State (New Jersey) 2 of 2
Country (United States) 12 of 16
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-18 MedLit Solutions

Garner, North Carolina, United States

MedLit Solutions is a full-service provider of pharmaceutical packaging and printing services, offering a broad range of secondary packaging, labeling, printing, and fulfillment solutions. The Company provides turnkey design, packaging, printing, cutting, gluing, and bindery services on an order-by-order basis. MedLit Solutions is based in Garner, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-11 J&K Ingredients

Paterson, New Jersey, United States

J&K Ingredients is a producer of natural, organic, and clean label baked goods ingredients. The Company developed the first natural mold inhibitor and today offers more than 400 bakery ingredient products across 13 categories to a broad customer base comprised of commercial bakeries and bakery product wholesalers and distributors. J&K Ingredients was founded in 1899 and is based in Paterson, New Jersey.

Sell -
Mergr

Product

Company

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