Buyout (LBO, MBO, MBI) • Manufacturing

GenNx360 Capital Partners Acquires Precinmac Precision Machining

On July 15, 2010, private equity firm GenNx360 Capital Partners acquired manufacturer Precinmac Precision Machining

Acquisition Context
  • This is GenNx360 Capital Partners’ 2nd transaction in the Manufacturing sector.
  • This is GenNx360 Capital Partners’ 4th transaction in the United States.
  • This is GenNx360 Capital Partners’ 1st transaction in Maine.
Investment Fate
  • Precinmac Precision Machining was sold to a consortium of financial buyers in 2020.
  • Precinmac Precision Machining was sold to a consortium of financial buyers in 2024.

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M&A Deal Summary

Date July 15, 2010
Target Precinmac Precision Machining
Sector Manufacturing
Buyer(s) GenNx360 Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Precinmac Precision Machining

South Paris, Maine, United States
Precinmac Precision Machining is a manufacturer of high tolerance precision machined components and assemblies. The company formulates cost-saving alternatives to current production and sourcing methods by offering a single-source solution for precise, high-quality, flexible, and on-time manufacturing to top-tier customers globally. Precinmac Precision Machining is based in South Paris, Maine.
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Buyer Overview 1

Buyer

GenNx360 Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GenNx360 Capital Partners is a private equity firm focused on acquiring mid-sized US-based businesses. GenNx360 targets companies with revenues between $50 and $500 million and $5 to $35 million of EBITDA. The Firm looks to invest $25 to $100 million per transaction. Specific areas of interest include industrial water treatment, specialty chemicals/engineered materials, industrial machinery/equipment components, agriculture products and services, global transportation component parts, aerospace/defense, oil/gas services and business services. GenNx360 Capital Partners was formed in 2006 and is based in New York, New York.


Deal Context for Buyer #
Overall 6 of 28
Sector: Manufacturing 2 of 3
Type: Buyout (LBO, MBO, MBI) 3 of 10
State: Maine 1 of 1
Country: United States 4 of 26
Year: 2010 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-31 SiVance

Gainesville, North Carolina, United States

SiVance, LLC is a producer of silicone-based products for the personal care, pharmaceutical, construction and electronics markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-06 SiVance

Gainesville, North Carolina, United States

SiVance, LLC is a producer of silicone-based products for the personal care, pharmaceutical, construction and electronics markets.

Sell -