CIC Partners and Juniper Capital Form Precision Aerospace, Recapitalize Applegate EDM and Icon Machine Co.
June 30, 2022
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.
- Targets
- Applegate EDM, LLC, Icon Machine Co.
- Platforms
- Precision Aerospace Holdings, LLC
- Industry
- Manufacturing
- Location
- Texas, United States
- Transaction Type
- Recapitalization
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