Investment Summary

Stanwich Partners, Desrosier & Co. and Ironwood Capital Exit Micro Precision

On September 16, 2011, private equity firm Desrosier & Co. and asset manager Capitala Group invested in manufacturer Micro Precision from Stanwich Partners, Desrosier & Co. and Ironwood Capital

Investment Highlights
  • This is Desrosier & Co.’s 2nd and Capitala Group’s 2nd transaction in the Manufacturing sector.
  • This is Desrosier & Co.’s 5th and Capitala Group’s 38th transaction in the United States.
  • This is Desrosier & Co.’s 2nd and Capitala Group’s 1st transaction in Connecticut.
Investment Fate
  • Micro Precision was sold to a strategic buyer in 2019.
  • Micro Precision was sold to a strategic buyer in 2019.

Investment Summary

Date 2011-09-16
Target Micro Precision
Sector Manufacturing
Investor(s) Desrosier & Co.
Capitala Group
Sellers(s) Stanwich Partners
Desrosier & Co.
Ironwood Capital
Deal Type Secondary Buyout

Target

Micro Precision

South Windham, Connecticut, United States
Micro Precision is a tier-one Level 1/Sub-Safe supplier of critical components for the U.S. Navy’s Virginia and Columbia class submarines. Micro Precision was founded in 1981 and is based in South Windham, Connecticut.

Search 214,600 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 2

Investor

Desrosier & Co.

Greenwich, Connecticut, United States

Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Desrosier & Co. is a private investment firm that invests in middle-market companies across the US. Desrosier targets profitable, proven companies with defensible market positions and talented management. The Firm looks for companies with revenues of $10 to $50 million, valued from $10 to $50 million. Sectors of interest include niche manufacturing, business services, and IT services. Prospective transaction situations include MBOs, recapitalizations, and corporate divestitures. Desrosier & Co. was formed in 1992 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 5 of 5
Sector: Manufacturing M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: Connecticut M&A 2 of 2
Country: United States M&A 5 of 5
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-06 Micro Precision

South Windham, Connecticut, United States

Micro Precision is a tier-one Level 1/Sub-Safe supplier of critical components for the U.S. Navy’s Virginia and Columbia class submarines. Micro Precision was founded in 1981 and is based in South Windham, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 Micro Precision

South Windham, Connecticut, United States

Micro Precision is a tier-one Level 1/Sub-Safe supplier of critical components for the U.S. Navy’s Virginia and Columbia class submarines. Micro Precision was founded in 1981 and is based in South Windham, Connecticut.

Sell -
Investor

Capitala Group

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1998
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.


DEAL STATS #
Overall 39 of 100
Sector: Manufacturing M&A 2 of 6
Type: Secondary Buyout M&A Deals 5 of 9
State: Connecticut M&A 1 of 4
Country: United States M&A 38 of 99
Year: 2011 M&A 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-09 Advanced Physical Therapy

Indianapolis, Indiana, United States

Advanced Physical Therapy LLC provides rehabilitation programs that stimulates the regenerative healing process of the body. This approach is a non-invasive therapy that works fast and consistently.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-20 Sur La Table

Brownsburg, Indiana, United States

Sur La Table is a multi-channel chain retailer offering a broad selection of premium quality goods for the kitchen and table. Sur La Table was founded in 1972 and is based in Brownsburg, Indiana.

Buy -

Seller(S) 3

SELLER

Stanwich Partners

Wilton, Connecticut, United States

Investor


Category Private Equity Firm
Founded 1982
Size Small
Type Sector Agnostic
DESCRIPTION

Stanwich Partners LLC is a private equity firm focused on acquiring small to middle-market manufacturing and value-added distribution companies. Stanwich has a particular interest in family owned companies and corporate divestitures. Stanwich looks for opportunities valued between $5 and $35 million. Target companies typically have annual revenues of $5 to $75 million and at least $1 million of EBITDA. Stanwich prefers businesses located in the Eastern US. Stanwich will not invest in start-ups, real estate, companies dependent on emerging technologies, or significant generators of chemical waste. Stanwich Partners was formed in 1982 and is based in Wilton, Connecticut.


DEAL STATS #
Overall 2 of 3
Sector: Manufacturing M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-05 Eagle Bridge Machine and Tool

Eagle Bridge, New York, United States

Eagle Bridge Machine and Tool, Inc. is a precision production machining business specializing in the machining of large castings.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-07 Advanced Recycling Systems

Lowellville, Ohio, United States

Advanced Recycling Systems is a designer and manufacturer of patented equipment utilized in the collection, recycling, and removal of dust and debris generated in industrial environments. Advanced Recycling Systems was founded in 1991 and is based in Lowellville, Ohio.

Buy -
SELLER

Desrosier & Co.

Greenwich, Connecticut, United States

Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Desrosier & Co. is a private investment firm that invests in middle-market companies across the US. Desrosier targets profitable, proven companies with defensible market positions and talented management. The Firm looks for companies with revenues of $10 to $50 million, valued from $10 to $50 million. Sectors of interest include niche manufacturing, business services, and IT services. Prospective transaction situations include MBOs, recapitalizations, and corporate divestitures. Desrosier & Co. was formed in 1992 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 2 of 3
Sector: Manufacturing M&A 1 of 2
Type: Secondary Buyout M&A Deals 1 of 1
State: Connecticut M&A 1 of 2
Country: United States M&A 2 of 3
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-06 Micro Precision

South Windham, Connecticut, United States

Micro Precision is a tier-one Level 1/Sub-Safe supplier of critical components for the U.S. Navy’s Virginia and Columbia class submarines. Micro Precision was founded in 1981 and is based in South Windham, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 Micro Precision

South Windham, Connecticut, United States

Micro Precision is a tier-one Level 1/Sub-Safe supplier of critical components for the U.S. Navy’s Virginia and Columbia class submarines. Micro Precision was founded in 1981 and is based in South Windham, Connecticut.

Sell -
SELLER

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.


DEAL STATS #
Overall 7 of 55
Sector: Manufacturing M&A 2 of 8
Type: Secondary Buyout M&A Deals 1 of 13
State: Connecticut M&A 3 of 16
Country: United States M&A 7 of 55
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-06 NELS

Milford, Connecticut, United States

NELS rents and sells textile and linen products to Northeastern foodservice companies. The Company offers a broad line of garments, table linens and other related products to organizations seeking convenient, cost effective linen products. The Company also provides logo design, image programs, and party rental linens for catering departments. NELS is based in Milford, Connecticut.

Buy $7M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-24 Numet

Orange, Connecticut, United States

Numetis a manufacturer of precision machined parts, kits, and assemblies for jet turbine engines for a wide variety of commercial and military aircraft. Numet serves original equipment manufacturers including GE Aircraft Engines and Pratt & Whitney Aircraft, as well as the Department of Defense. Numet was founded in 1983 and is based in Orange, Connecticut.

Buy -