Main Street Capital Holdings Forms Compass Precision Platform by Acquiring Three Precision Metal Manufacturers
December 17, 2019
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.
- Targets
- Quality Products & Machine, LLC, Advanced Machining & Tooling, LLC, Tri-Tec Industries Inc.
- Platforms
- Compass Precision, LLC
- Industry
- Manufacturing
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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Compass Precision, a portfolio company of Main Street Capital Holdings, has acquired R&D Machine and Engineering, a precision metal components manufacturer based in Oldsmar, Florida. The acquisition is Compass Precision's sixth operating company and expands its decentralized platform of precision machine shops serving aerospace, defense and space end markets.
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Compass Precision Acquires Douglas Machining Services
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Compass Precision Acquires Gray Manufacturing Technologies
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Compass Partners Acquires Micro Precision LLC
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