M&A Deal Summary

PrecisionX Acquires Coining

On July 13, 2023, PrecisionX acquired manufacturer Coining

Acquisition Highlights
  • This is PrecisionX’s 2nd transaction in the Manufacturing sector.
  • This is PrecisionX’s 2nd transaction in the United States.
  • This is PrecisionX’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2023-07-13
Target Coining
Sector Manufacturing
Buyer(s) PrecisionX
Deal Type Add-on Acquisition

Target

Coining

Clifton, New Jersey, United States
Coining provides progressive die stamping, screw machining, CNC machining and wire EDM manufacturing technologies to produce complex precision components. Utilizing a fleet of tools, dies, and fixtures exclusively designed, built and maintained in-house, the Company also provides piercing, slotting, drawing, coining, trimming, tapping, deburring and bending. Coining was founded in 1990 and is based in Clifton, New Jersey.

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Buyer(S) 1

Buyer

PrecisionX

Clifton, New Jersey, United States
Category Company
Sector Manufacturing
DESCRIPTION

PrecisionX supplies critical use, high-reliability components to the aerospace, defense, medical device, battery, electronics, fuel cell, and industrial markets. The company is a specialist in high-tolerance components, national is known for its ability to manufacture complex shapes with exotic, high-performance raw materials such as Inconel, Monel, Kovar, Hastelloy, titanium, and tantalum. It offers customers complex 5-axis CNC machining and turning, custom toolmaking, laser welding, surface finishing, heat treatment, passivation, and degreasing. PrecisionX is based in Clifton, New Jersey.

DEAL STATS #
Overall 2 of 5
Sector (Manufacturing) 2 of 4
Type (Add-on Acquisition) 2 of 5
State (New Jersey) 1 of 2
Country (United States) 2 of 5
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-14 Gem Manufacturing

Waterbury, Connecticut, United States

Gem Manufacturing is a manufacturer of precision deep-drawn metal components and mechanical assemblies for a variety of end markets, including electric vehicles, mining, aerospace & defense, and industrials. It offers vertical transfer and progressive die press stamping as well as CNC and wire electrical discharge machining to manufacture high-precision components from prototyping through high-volume production. Gem Manufacturing was formed in 1950 and is based in Waterbury, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-28 National Manufacturing

Chatham, New Jersey, United States

National Manufacturing is a producer of precision deep and shallow drawn metal components for aerospace, battery, defense, electronics, fuel cell, industrial, medical, telecommunications, commercial and consumer markets. National Manufacturing is based in Chatham, New Jersey.

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