Consolidated Precision Products Recapitalized by Berkshire Partners with Continued Backing from Warburg Pincus

GE Aerospace to Acquire Consolidated Precision Products for $11.75 Billion

September 8, 2026

Aerospace & Defense

GE Aerospace signed an agreement to acquire Consolidated Precision Products (CPP) from Warburg Pincus and Berkshire Partners for $11.75 billion, financing the purchase with $7 billion in cash and the remainder in new debt. The deal is expected to close in the second half of 2027, subject to regulatory approvals and customary closing conditions, and is intended to expand casting capacity and integrate a key supplier more closely with GE Aerospace’s engine design and manufacturing operations.

Precision Production Management-Led Buyout Acquired From Spell Capital Partners

June 10, 2026

Manufacturing

Precision Production LLC, an ISO-certified manufacturer of precision machined components headquartered in Strongsville, Ohio, completed a management-led buyout to return the company to independent ownership. The deal was completed via a purchase from Spell Capital Partners, with management (President and CEO Bryon Shafer and CFO Rick Sykora) continuing to lead and co-founder Craig Cook returning as Executive Chairman.

7 Seas Capital and Tico Capital Partners Recapitalize Precision Piping Products

June 18, 2025

Manufacturing

7 Seas Capital and Tico Capital Partners acquired a recapitalization stake in Precision Piping Products (P3), a Houston-based manufacturer of patented flange protection products, in a transaction that closed May 22, 2025. Parkway Capital and Pine Street Capital Partners provided subordinated debt and equity support alongside the new investors, with founders Keith and Debbie Nichols remaining in leadership.

MPE Partners Recapitalizes Precision Pipeline

August 17, 2023

Industrial Services

MPE Partners completed a recapitalization of Precision Pipeline, LLC, a Lancaster, Ohio-based provider of repair, replacement and maintenance services for gas, electrical, telecommunications and water utilities. The deal brings in MPE as the financial partner to support growth initiatives, including targeted M&A, with founder Matt Upp remaining as President and industry veteran Mark Crowson joining as CEO.

Addison Capital Partners Recapitalizes Communication Power Companies (CPC)

July 6, 2023

Manufacturing

Addison Capital Partners has recapitalized Communication Power Companies (CPC), partnering with CPC management; financial terms were not disclosed. The investment provides a long-term capital base to support CPC's ongoing growth as a vertically integrated design-build manufacturer of RF and microwave power amplifiers serving military, industrial, scientific and medical markets.

Spell Capital Partners Invests in Precision Production

May 4, 2020

Manufacturing

Spell Capital Partners has made an investment in Precision Production, a Strongsville, Ohio–based niche manufacturer of Swiss screw machined products and high-pressure fittings. Spell Capital will partner with senior management to grow the business and is actively seeking add-on acquisitions to build the platform.