G.S. Precision Acquires F.T. Gearing Systems

The Eastern Company Acquires Sungear and Crown Precision for $7.85 Million

June 8, 2026

Industrial Services

The Eastern Company will acquire Sungear, LLC and Crown Precision for an aggregate $7.85 million (cash-free, debt-free) to establish a fourth operating platform. The deals are funded through borrowings under Eastern’s existing revolving credit facility and expand Eastern’s aerospace and defense precision manufacturing footprint.

Horsburgh & Scott Acquires Franklin Machine & Gear

April 14, 2026

Industrial Services

GenNx360 Capital Partners’ portfolio company, Horsburgh & Scott (H&S), acquired Franklin Machine & Gear, a Houston-based provider of industrial gear and gearbox repair and replacement services. The deal adds precision machining and gearbox rebuilding capabilities to H&S and expands the platform’s geographic footprint into the Gulf Coast region.

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.

GWS Tool Group Acquires STF Precision

October 20, 2020

Manufacturing

GWS Tool Group, a portfolio company of L Squared Capital Partners, has acquired STF Precision, a North Carolina-based manufacturer of precision PCD, SCD and CBN cutting tools. The add-on strengthens GWS's product capabilities in rotary PCD/CBN tooling and expands its manufacturing footprint into the Carolinas; STF's leadership will remain with GWS in operational roles.

AE Industrial Partners Acquires G.S. Precision

March 3, 2020

Manufacturing

AE Industrial Partners, a private equity firm focused on aerospace, defense and specialty industrials, has acquired G.S. Precision, a Brattleboro, Vermont-based manufacturer of high-precision aerospace and defense components. Terms were not disclosed; G.S. Precision will continue to be led by CEO Norm Schneeberger, who will remain a significant shareholder.

PHX Holdings Acquires Garrity Tool Company (GTC Machining)

February 1, 2019

Manufacturing

PHX Holdings, the holding company of Phoenix Stamping Group and backed by JBA Capital, acquired Indianapolis-based Garrity Tool Company (renamed GTC Machining) on February 1, 2019. The acquisition adds precision machining capabilities (AS9100D, ITAR, ISO13485) in aerospace, defense and medical device markets and strengthens PHX's Midwest footprint.