Bison Capital and Angeles Equity Partners Acquire Precision Surfacing Solutions
October 18, 2022
Bison Capital Partners VI and an affiliate of Angeles Equity Partners, together with Brian Nelson, have acquired Lapmaster Parent, LLC (Precision Surfacing Solutions), a global manufacturer of precision lapping, grinding, polishing and surface finishing machinery. The investors — supported by an institutional investor group including Churchill Asset Management, General Electric Pension Trust, AIG, SSM Health, and Franklin Park — plan to operate PSS as two autonomous business units and pursue growth across semiconductor, aerospace, and industrial end markets.
- Buyers
- Bison Capital Partners VI (Bison Capital), Angeles Equity Partners (affiliate), Brian Nelson, Churchill Asset Management (Nuveen affiliate), General Electric Pension Trust, AIG, SSM Health, Franklin Park
- Targets
- Lapmaster Parent, LLC (Precision Surfacing Solutions)
- Industry
- Manufacturing
- Location
- Illinois, United States
- Transaction Type
- Buyout
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