Investor Group (Pine Island, Bain Capital Credit, Compass) Acquires Precinmac Precision Machining

Centerbridge Partners Acquires Precinmac LP

October 14, 2024

Manufacturing

Centerbridge Partners has agreed to acquire Precinmac LP, a precision components manufacturer serving aerospace, defense, space and semiconductor equipment markets, from an investor group including Pine Island Capital Partners, Bain Capital's Private Credit Group and Compass Partners Capital. The transaction, announced Oct. 14, 2024, is expected to close in Q4 2024 (reported closed Dec. 2, 2024 by some sources); financial terms were not disclosed.

Precinmac Acquires Petersen Inc.

April 4, 2022

Manufacturing

Precinmac, a PE-backed diversified manufacturer, has acquired Petersen Inc., a large-format precision fabrication and machining company with facilities in Ogden, Utah and Pocatello, Idaho. The acquisition expands Precinmac's manufacturing capabilities and product offerings to better serve aerospace & defense, semiconductor, energy, medical and other industrial end markets.

Precinmac Acquires Viper Northwest and Shields Manufacturing

December 18, 2020

Manufacturing

Precinmac Precision Machining acquired Albany, Oregon-based Viper Northwest, Inc. and Tualatin, Oregon-based Shields Manufacturing, Inc., strengthening its West Coast presence and expanding precision machining capabilities. The add-on acquisitions broaden Precinmac's capacity to serve semiconductor, aerospace, defense and life sciences customers; financial terms were not disclosed.

Compass Partners Acquires Micro Precision LLC

July 29, 2019

Aerospace & Defense

Compass Partners Capital LLC, a Stamford-based investment firm focused on defense and aerospace, has completed the acquisition of Micro Precision LLC (MPI), a South Windham, Connecticut-based supplier of critical parts and mechanical assemblies to the U.S. submarine program. Compass said the investment will support MPI's growth and expansion of manufacturing capabilities to better serve prime submarine contractors and the U.S. Department of Defense.

Compass Precision Acquires Pocasset Machine Corporation

July 21, 2025

Manufacturing

Charlotte-based Compass Precision, LLC has acquired Pocasset Machine Corporation of Pocasset, Massachusetts from the Kent family. Pocasset — a niche CNC machine shop serving the autonomous underwater vehicle (AUV) and oceanographic markets — will become the ninth operating company under Compass as the founders transition to retirement.

Main Street Capital Holdings Forms Compass Precision Platform by Acquiring Three Precision Metal Manufacturers

December 17, 2019

Manufacturing

Main Street Capital Holdings, LLC created a new precision metal manufacturing platform, Compass Precision, LLC, by acquiring Quality Products & Machine, LLC, Advanced Machining & Tooling, LLC, and Tri-Tec Industries Inc. All three acquired companies are based in the Charlotte, North Carolina area; Compass Precision will consolidate capabilities (machining, EDM, fabrication, assembly and test) to serve aerospace & defense, medical and industrial customers and pursue further add-on acquisitions.