Precision Aerospace Holdings Acquires Clearwater Engineering

Precision Aerospace Holdings Acquires Owens Machine and Tool Company

May 7, 2024

Manufacturing

Dallas-based Precision Aerospace Holdings LLC, a PE-backed aerospace manufacturing platform formed by CIC Partners and Juniper Capital Management, has acquired Owens Machine and Tool Company, a Lewisville, Texas CNC machine shop specializing in titanium and nickel alloy components for the aerospace and defense markets. The deal strengthens Precision's North Texas platform and expands its precision machining and tooling capabilities; terms were not disclosed.

Precision Aerospace Holdings Acquires Decatur Machine Services

July 1, 2023

Manufacturing

Precision Aerospace Holdings, a portfolio company of CIC Partners, has acquired Decatur Machine Services, a Decatur, Texas-based precision machining company serving aerospace and defense customers. The transaction is an add-on to the Precision platform intended to expand its precision machining capabilities and program footprint across defense and aerospace customers.

CIC Partners and Juniper Capital Form Precision Aerospace, Recapitalize Applegate EDM and Icon Machine Co.

June 30, 2022

Manufacturing

Dallas-based private equity firms CIC Partners and Juniper Capital Management partnered to form Precision Aerospace Holdings and completed a recapitalization that unites Applegate EDM and Icon Machine Co. under the new platform to serve aerospace, space and defense OEMs. The combined platform, led by CEO Pete Stegmaier, will pursue organic and acquisitive growth to expand precision machining and EDM capabilities for sophisticated aerospace and defense programs.

Clearwater Analytics Receives Growth Investment from Permira, Warburg Pincus, Dragoneer and Durable Capital

October 12, 2020

Cloud & SaaS

Clearwater Analytics, the Boise-based SaaS provider of investment accounting and analytics, announced a new growth investment led by Permira, Warburg Pincus, Dragoneer and Durable Capital, with Welsh, Carson, Anderson & Stowe remaining the majority shareholder. The capital will support Clearwater's international expansion (including Europe and Asia-Pacific), continued R&D and pursue transformative M&A opportunities.

Boulden Holdings, LLC Acquires Ace Precision Industries, Inc.

November 11, 2025

Manufacturing

Boulden Holdings, LLC, a portfolio company of Edgewater Growth Capital Partners V, L.P., has acquired Ace Precision Industries, Inc., a family-owned precision machining business based in Akron, Ohio. The acquisition adds precision machining and hydrodynamic bearing capabilities to Boulden's wear-components platform, increasing capacity and creating cross-selling opportunities across aerospace, medical and transit end markets.

Sunstone Partners Acquires Majority Stake in Clearwater

September 30, 2025

Cybersecurity

Sunstone Partners, a growth-oriented private equity firm, has acquired majority ownership of Clearwater from Altaris, LLC and other existing shareholders. The investment will support Clearwater’s expansion of managed security, consulting, and software capabilities across the healthcare ecosystem and the defense industrial base (via its Redspin division).