HCPI Portfolio Company Prince Industries Acquires Precision Shapes

Prince Industries (HCPI) Acquires Vulcan Machine

June 27, 2023

Manufacturing

Prince Industries, a portfolio company of HC Private Investments (HCPI), has acquired Vulcan Machine, Inc., an AS9100-certified precision machining shop based in Tampa, Florida. The add-on acquisition will bolster Prince's aerospace and defense capabilities; Vulcan's existing leadership team will remain in place. Terms were not disclosed.

Prince Industries Acquires Keystone Precision & Engineering

September 4, 2024

Manufacturing

Prince Industries, a portfolio company of HC Private Investments, has acquired Keystone Precision & Engineering, a Pepperell, Massachusetts-based precision machining and assembly business. The add-on expands Prince's production capabilities and East Coast presence, strengthening its footprint in the aerospace, defense and medical end-markets; transaction terms were not disclosed.

MPI Corporation Acquires Precision Stampings, Inc.

October 4, 2019

Manufacturing

MPI Corporation, an Indianapolis-based investment holding company, has acquired Precision Stampings, Inc. (PSI), a Beaumont, California-based manufacturer of precision metal stampings and micro/nano connectors. The acquisition expands MPI's manufacturing holdings and capabilities across aerospace, medical, automotive and electronics end markets.

HC Private Investments and Isleworth Capital Partners Invest in Prince Industries

May 18, 2022

Manufacturing

HC Private Investments, alongside Isleworth Capital Partners, has partnered with the founding family of Prince Industries to provide growth capital to the precision machining and sheet metal fabricator. Proceeds will be used to accelerate growth and expand operational capabilities; Prince CEO Mark Miller will remain on the board and retain a significant investment. Midwest Mezzanine Funds provided subordinated debt and equity to support the transaction.

Crane Company Acquires Precision Sensors & Instrumentation (PSI) from Baker Hughes

January 1, 2026

Manufacturing

Crane Company has completed its acquisition of Precision Sensors & Instrumentation (PSI), including the Panametrics business, from Baker Hughes. The transaction — first announced in June 2025 — closed January 1, 2026 for a reported net purchase price of approximately $1.06 billion and is intended to expand Crane's precision sensing and instrumentation capabilities across aerospace, nuclear and process end markets.

GCM Acquires Assets of Precision Swiss Products

January 7, 2025

Manufacturing

GCM, a portfolio company of Avista Healthcare Partners, acquired the assets of Precision Swiss Products (PSP), adding a state-of-the-art 50,000+ sq ft manufacturing facility in Wilmington, North Carolina. The asset purchase expands GCM's precision machining and micro-feature manufacturing capabilities and broadens its customer access across medical device, aerospace and semiconductor capital equipment markets.