Add-on Acquisition • Manufacturing

KKSP Precision Machining Acquires Grove Industries

On August 7, 2019, KKSP Precision Machining acquired manufacturer Grove Industries

Acquisition Context
  • This is KKSP Precision Machining’s 1st transaction in the Manufacturing sector.
  • This is KKSP Precision Machining’s 1st transaction in the United States.
  • This is KKSP Precision Machining’s 1st transaction in Illinois.

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M&A Deal Summary

Date August 7, 2019
Target Grove Industries
Sector Manufacturing
Buyer(s) KKSP Precision Machining
Deal Type Add-on Acquisition

Target Company

Grove Industries

Bensenville, Illinois, United States
Grove Industries, Inc. is a manufacturer of primarily brass machined metal hose fittings and adapters on automatic screw machines. Grove Industries is based in Bensenville, Illinois.
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Buyer Overview 1

Buyer

KKSP Precision Machining

Glendale Heights, Illinois, United States

Category Company
Founded 1968
Sector Manufacturing
DESCRIPTION

KKSP Precision Machining is a contract manufacturer of high-volume, medium-tolerance, precision-machined metal components for a variety of applications. K&K specializes in brass components and is the largest Davenport screw machine operator in the United States. KKSP Precision Machining was founded in 1968 and is based in Glendale Heights, Illinois.


Deal Context for Buyer #
Overall 1 of 3
Sector: Manufacturing 1 of 3
Type: Add-on Acquisition 1 of 3
State: Illinois 1 of 1
Country: United States 1 of 3
Year: 2019 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-31 Prime Engineered Component

Bristol, Connecticut, United States

Prime Engineered Component, Inc. is a manufacturer of aluminum, brass and stainless steel custom metal components. Prime Engineered Component was founded in 1967 and is based in Bristol, Connecticut.

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