Precision Aerospace Holdings Acquires Owens Machine and Tool Company

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.

Pro Products Holdings Acquires Owens Industries

November 12, 2025

Manufacturing

AFM Capital Partners’ portfolio company Pro Products Holdings LLC has acquired Owens Industries, LLC as an add-on to the Pro Products precision machining platform. Owens, based in Oak Creek, Wisconsin, provides ultra-precision CNC machining for aerospace, defense and space markets; Cantor Fitzgerald served as exclusive financial advisor to Owens.

Precision Aerospace Holdings Acquires Clearwater Engineering

March 18, 2025

Manufacturing

Dallas-based Precision Aerospace Holdings, a portfolio company of Juniper Capital Management and CIC Partners, has acquired Clearwater Engineering, a Derby, Kansas precision machining and CNC milling company serving commercial and government aerospace customers. The add-on deal (closed March 7, 2025) expands Precision's Midwest footprint, adds machining capacity and capabilities, and brings approximately 40 Clearwater employees into the Precision 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.

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.

Pexco LLC Acquires Precise Aerospace Manufacturing, Inc.

August 12, 2024

Manufacturing

Pexco LLC, an Odyssey-backed specialty plastics processor based in Atlanta, acquired Precise Aerospace Manufacturing, Inc., a Yorba Linda, California-based precision plastics molder and contract manufacturer. The deal (advised by Houlihan Lokey for Precise) expands Pexco’s injection molding and high-performance polymer capabilities, adds a West Coast manufacturing site (its 13th), and strengthens its position in aerospace, defense, medical and electronics end markets.