M&A Deal Summary

The Heico Companies Acquires Precision Engineering

On January 20, 2023, family office The Heico Companies acquired manufacturer Precision Engineering

Acquisition Highlights
  • This is The Heico Companies’ 5th transaction in the Manufacturing sector.
  • This is The Heico Companies’ 9th transaction in the United States.
  • This is The Heico Companies’ 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2023-01-20
Target Precision Engineering
Sector Manufacturing
Buyer(s) The Heico Companies
Deal Type Buyout (LBO, MBO, MBI)

Target

Precision Engineering

Uxbridge, Massachusetts, United States
Precision Engineering is a Tier-1 advanced metalworking contract manufacturer in the critical industrial and aerospace/defense sectors. Serving global original equipment manufacturers (OEMs), Precision Engineering implements cutting-edge technologies with integrated automation and robotics to produce high-quality sheet metal enclosures. Precision Engineering was founded in 1988 and is based in Uxbridge, Massachusetts.

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Buyer(S) 1

Buyer

The Heico Companies

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Family Office
Founded 1979
Size Small
Type Sector Agnostic
DESCRIPTION

Heico Companies is a private investment firm focused on acquiring manufacturing, distribution and service businesses where the Firm believes that its management expertise can improve profitability. In addition to stable businesses, Heico has a special interest in distressed or special situations. Heico generally looks to acquire platform companies with at least $5 million in sales and will consider $5 to $15 million in EBITDA. Heico was formed in 1979 and is based in Chicago, Illinois.

DEAL STATS #
Overall 14 of 15
Sector (Manufacturing) 5 of 6
Type (Buyout (LBO, MBO, MBI)) 11 of 11
State (Massachusetts) 2 of 2
Country (United States) 9 of 10
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-16 Shred-Tech

Cambridge, Ontario, Canada

Shred-Tech specializes in engineering and manufacturing low-speed, high-torque recycling and waste handling and shredding equipment. Shred-Tech was founded in 1978 and is based in Cambridge, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-02 Insight Vision

Saukville, Wisconsin, United States

Insight Vision is an innovative manufacturer company that designs advanced sewer inspection cameras. Insight Vision focus on developing user-friendly video pipe inspection equipment. Insight Vision is based in Saukville, Wisconsin.

Buy -
Mergr

Product

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