M&A Deal Summary

Precision Aerospace Acquires CNC Precision Machining

On October 31, 2015, Precision Aerospace acquired metals/mining company CNC Precision Machining from Huizenga Group

Acquisition Highlights
  • This is Precision Aerospace’s 1st transaction in the Metals/Mining sector.
  • This is Precision Aerospace’s 1st transaction in the United States.
  • This is Precision Aerospace’s 1st transaction in Michigan.

M&A Deal Summary

Date 2015-10-31
Target CNC Precision Machining
Sector Metals/Mining
Buyer(s) Precision Aerospace
Sellers(s) Huizenga Group
Deal Type Add-on Acquisition

Target

CNC Precision Machining

Comstock Park, Michigan, United States
CNC Precision Machining manufactures prototype, production and assemblies of custom parts and systems for the medical, automotive, furniture, military, and aerospace industries. CNC Precision Machining was founded in 1978 and is based in Comstock Park, Michigan.

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Buyer(S) 1

Buyer

Precision Aerospace

Grand Rapids, Michigan, United States

Category Company
Founded 1990
Sector Aerospace
DESCRIPTION

Precision Aerospace Corp. is a manufacturer of complex parts and assemblies for a broad range of commercial aerospace and defense applications. Products include hydraulic manifolds, port caps, mounting flanges, housings, rotor parts and assemblies used in hydraulic pumps, fuel systems, and transmissions.


DEAL STATS #
Overall 1 of 1
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

DESCRIPTION

Huizenga Group is a private investment holding firm focused on acquiring smaller manufacturing and business services companies with at least $10 million of revenue. Huizenga has a special interest in value additive businesses operating in defensible niches. Huizenga will not invest in retail, distribution, technology, real estate, or restaurants. Huizenga Group was established in 1985 and is based in Grand Rapids, Michigan.


DEAL STATS #
Overall 4 of 7
Sector: Metals/Mining M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
State: Michigan M&A 3 of 5
Country: United States M&A 4 of 7
Year: 2015 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-17 JR Automation Technologies

Holland, Michigan, United States

JR Automation Technologies LLC is a provider of intelligent automated manufacturing and technology solutions that solve customers' key operational and productivity challenges. JR Automation serves customers across the globe in a variety of industries, including automotive, life sciences, aerospace, and more. JR Automation employs over 2,000 people at 23 manufacturing facilities in North America, Europe, and Asia. Through thoughtful and dynamic collaboration, JR Automation creates innovative solutions for companies across the globe; helping them think, solve, and create.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 Midstate Security

Wyoming, Michigan, United States

Midstate Security is a fully integrated electronic security and monitoring systems company. Midstate Security was founded in 1980 and is based in Wyoming, Michigan.

Buy -