M&A Deal Summary

Precision Engineered Products Acquires Advanced Precision Products

On September 1, 2014, Precision Engineered Products acquired machinery company Advanced Precision Products from Hastings Equity Partners

Acquisition Highlights
  • This is Precision Engineered Products’ 1st transaction in the Machinery sector.
  • This is Precision Engineered Products’ 2nd transaction in the United States.
  • This is Precision Engineered Products’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2014-09-01
Target Advanced Precision Products
Sector Machinery
Buyer(s) Precision Engineered Products
Sellers(s) Hastings Equity Partners
Deal Type Add-on Acquisition
Advisor(s) Trudeau & Trudeau Associates, Inc. (Financial)
Morse Barnes-Brown & Pendleton (Legal)

Target

Advanced Precision Products

Palmer, Massachusetts, United States
Advanced Precision Products, Inc. is a provider of tight tolerance, precision machined components and assemblies for the medical, defense, aerospace, oil & gas, automotive and general industrial end markets.

Search 201,157 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Precision Engineered Products

Attleboro, Massachusetts, United States
Category Company
Sector Manufacturing
DESCRIPTION

Precision Engineered Products is a global manufacturer of highly engineered precision customized solutions serving the medical, electrical, transportation and aerospace end markets. Precision Engineered Products is based in Attleboro, Massachusetts.c

DEAL STATS #
Overall 2 of 4
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Massachusetts) 1 of 1
Country (United States) 2 of 4
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-15 Imperial Machine and Tool

Columbia, New Jersey, United States

Imperial Machine & Tool Co. is an advanced manufacturing company and a provider in multi-material additive manufacturing and machining technologies specializing in technically challenging and complex components and systems for aerospace and defense, automotive, high-tech and general industrial applications. Imperial Machine and Tool Co. was founded in 1959 and is based in Columbia, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Ray Industries

Waukesha, Wisconsin, United States

Ray Industries LLC is a provider of precision parts and components manufacturers utilizing Roll-Threading technology for the Aerospace, Defense, Medical, Industrial and Energy industries.

Buy -

Seller(S) 1

SELLER

Hastings Equity Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Middle-Market
Type Sector Focused
DESCRIPTION

Hastings Equity Partners is a private investment firm focused on small to mid-sized enterprises in the business and industrial services sector. Hastings looks to invest in and acquire North American companies with trailing EBITDA of $5 to $20 million. Hastings looks for control situations only and will consider funding buyouts (LBOs, MBOs), recapitalizations, and growth capital financings. Hastings Equity Partners was formed in 2004 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 11 of 20
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 5 of 6
State (Massachusetts) 1 of 1
Country (United States) 10 of 19
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-04 SPL

Houston, Texas, United States

SPL is an independent provider of critical outsourced hydrocarbon measurement, analysis, and reporting services for oil and gas production and transport in the United States. The Company provides a comprehensive suite of gas and liquid laboratory tests and related field services from its network of 8 labs and 14 field service locations across the U.S. and counts leading independent and major exploration and production companies, as well as midstream operators, among its customers. SPL’s test and measurement services enable its customers to evaluate the composition of the hydrocarbons they are producing to fine-tune production from wells, market products downstream, meet regulatory reporting requirements, and ensure accurate payment of royalties to leaseholders. Southern Petroleum Laboratories was founded in 1944 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-06 Hybrid Tool Solutions

Lindsay, Oklahoma, United States

Hybrid Tool Solutions provides its customers with a patent pending, revolutionary process for conducting frac plug drill outs. The Hybrid Tool is the most advanced system on the market because it simplifies the steps involved in stick pipe drill outs and tube ups. In addition to saving time, Hybrid offers its customers a higher safety standard and significant cost savings. Hybrid is active in the Marcellus Shale, Utica Shale and Mid-Continent.

Buy -
Mergr

Product

Company

Legal