Alleghany Capital Forms Precision Cutting Technologies and Acquires Majority Stake in CID Performance Tooling

Precision Cutting Technologies (Alleghany Capital) Acquires Supermill LLC

March 2, 2020

Manufacturing

Precision Cutting Technologies, a holding company owned by Alleghany Capital Corporation, has acquired Supermill LLC, a Berlin, Connecticut-based manufacturer of high-performance carbide end mills. The deal adds Supermill to the Precision Cutting Technologies platform to expand its cutting consumables portfolio, strengthen its Northeast U.S. presence, and leverage the platform's broader national sales reach.

Main Street Capital Holdings Forms Compass Precision Platform by Acquiring Three Precision Metal Manufacturers

December 17, 2019

Manufacturing

Main Street Capital Holdings, LLC created a new precision metal manufacturing platform, Compass Precision, LLC, by acquiring Quality Products & Machine, LLC, Advanced Machining & Tooling, LLC, and Tri-Tec Industries Inc. All three acquired companies are based in the Charlotte, North Carolina area; Compass Precision will consolidate capabilities (machining, EDM, fabrication, assembly and test) to serve aerospace & defense, medical and industrial customers and pursue further add-on acquisitions.

Peak Toolworks (Granite Creek Capital) Acquires Southern Carbide, Inc.

September 30, 2025

Manufacturing

Peak Toolworks, a portfolio company of Granite Creek Capital Partners, acquired Southern Carbide, Inc., a family-owned industrial cutting tools and sharpening/repair services business based in Shreveport, Louisiana. The transaction closed on September 30, 2025 and was financed with participation from Hidden River Strategic Capital, Muzinich & Co., and Canterbury Ventures, LLC.

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.

ARCH Cutting Tools Acquires Diversified Precision Products

May 23, 2022

Manufacturing

ARCH Cutting Tools Corp., part of ARCH Global Holdings LLC, has acquired Diversified Precision Products, Inc., a Spring Arbor, Michigan-based maker of custom round carbide cutting tools and centerless grinder work rest blades. The acquisition expands ARCH’s custom tooling capabilities and domestic manufacturing capacity to better serve automotive, aerospace, medical and industrial customers. Steve Lazaroff, owner of Diversified Precision Products, will transition the business into the ARCH Cutting Tools platform.

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.