Broadtree Partners Acquires Precision Devices Inc.
December 15, 2020
Broadtree Partners, a Charlotte-based lower-middle market private equity firm, has acquired Precision Devices Inc., a 40-year-old remanufacturer and aftermarket supplier of components for the material handling industry headquartered in Wallingford, Connecticut. The transaction (supported by Bank Prov) installs Dan Brunstetter as CEO while sellers Bill Bacha and Mark Hoover remain engaged to support operations as Broadtree pursues growth of the business.
- Buyers
- Broadtree Partners LLC
- Targets
- Precision Devices Inc.
- Sellers
- Bill Bacha, Mark Hoover
- Industry
- Industrial Services
- Location
- Connecticut, United States
- Transaction Type
- Buyout
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