Buyout (LBO, MBO, MBI) • Manufacturing

The Heico Companies Acquires Precision Engineering

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date January 20, 2023
Target Precision Engineering
Sector Manufacturing
Buyer(s) The Heico Companies
Deal Type Buyout (LBO, MBO, MBI)

Target Company

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 Overview 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 Context for Buyer #
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 -