Appian Way Capital Partners Acquires SBS Precision Sheet Metal

BSM Acquisition Acquires Bauer Sheet Metal and Fabricating

January 21, 2026

Manufacturing

Bauer Sheet Metal and Fabricating, a nearly 100-year-old family-owned metal fabricator based in Muskegon, Michigan, was acquired by BSM Acquisition, LLC of Cincinnati, Ohio. The owners sold the business to facilitate their retirement and ensure continuity under new ownership; financial terms were not disclosed.

Maysteel Industries Acquires Star Precision Manufacturing, Inc.

January 16, 2024

Manufacturing

Maysteel Industries, a portfolio company of Littlejohn Capital, acquired Star Precision Manufacturing, a full-service sheet metal fabrication and precision machining firm in Frederick, Colorado. Patriot Capital provided subordinated debt financing in support of the add-on acquisition, which expands Maysteel's manufacturing capabilities and geographic footprint in the Mountain West.

Bison Capital and Angeles Equity Partners Acquire Precision Surfacing Solutions

October 18, 2022

Manufacturing

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.

Manufacturing Succession Acquires American Sheet Metal

July 21, 2022

Manufacturing

Manufacturing Succession (MSP) acquired American Sheet Metal, a nearly 20-year sheet metal fabrication provider, with Plethora Businesses serving as exclusive sell-side advisor. The deal closed on July 1, 2022 and expands MSP's U.S. manufacturing footprint and sheet-metal production capabilities.

G.S. Precision Acquires SMC Aerospace

March 25, 2022

Manufacturing

G.S. Precision, a portfolio company of AE Industrial Partners, has acquired SMC Aerospace, a family-owned manufacturer of engineered tubes and machined components serving the aerospace and defense markets. The add-on expands G.S. Precision’s capabilities in precision tube and machined part manufacturing and will integrate SMC’s New Hampshire facilities and leadership into GSP operations.

New Capital Partners Invests in Precision Business Solutions

September 23, 2020

Data & Analytics

New Capital Partners (NCP) has made a growth investment in Precision Business Solutions, LLC, a Dallas-based data analytics and market intelligence provider founded by Colin Campbell. NCP will partner with Precision’s management to accelerate technology, data collection, and commercialization efforts to better serve professional supply market customers across North America and Europe.