Turnout Industries, Plexus Capital and Equity Visions Acquire Allways Precision

Turnout Industries Invests in North Point Associates

November 9, 2022

Professional Services

Turnout Industries, a Chicago-based diversified holding company, announced a strategic investment in North Point Associates, an Ipswich, Massachusetts provider of investigative due diligence and proprietary research. North Point serves private equity firms, venture capital firms, corporations and campaigns; the investment will support the firm’s growth and broaden its client reach.

VIRTEX Enterprises (Insight Equity) Acquires Precision Technology, Inc.

December 18, 2019

Manufacturing

VIRTEX Enterprises, an electronic manufacturing services (EMS) company backed by Insight Equity, acquired a majority of the assets of Precision Technology, Inc. (PTI), a single-facility EMS provider in Plano, Texas. The add-on expands VIRTEX's NPI, ultra-low-volume and flex/rigid-flex assembly capabilities and strengthens its presence in the Texas aerospace and defense corridor.

Compart Systems (Platinum Equity Portfolio) Acquires Alpha Precision Turning & Engineering

May 10, 2019

Manufacturing

Compart Systems, a Platinum Equity portfolio company, signed a definitive agreement to acquire Alpha Precision Turning & Engineering, a precision machining business based in Kulim, Malaysia. The add-on expands Compart’s manufacturing footprint and capabilities in Asia and provides increased exposure to aerospace, semiconductor and medical end markets; Alpha’s founder will remain a minority investor.

Auxo Investment Partners Acquires Precision Products Group, Inc. from Long Point Capital

November 9, 2020

Manufacturing

Auxo Investment Partners has acquired Precision Products Group, Inc. (PPG) from Long Point Capital (with Greyrock Capital Group as part of the selling partnership); PPG management participated alongside Auxo. PPG is a niche manufacturer of small-diameter spiral-wound tubes/cores and specialty pharmaceutical and consumer packaging (including the Euclid Medical Products unit-dose systems); transaction terms were not disclosed and BGL served as exclusive advisor and executed a sale-leaseback of PPG real estate.

Precision Cutting Technologies (Alleghany Capital) Acquires Supermill LLC

March 2, 2020

Manufacturing

Precision Cutting Technologies, a holding company owned by Alleghany Capital Corporation, has acquired Supermill LLC, a Berlin, Connecticut-based manufacturer of high-performance carbide end mills. The deal adds Supermill to the Precision Cutting Technologies platform to expand its cutting consumables portfolio, strengthen its Northeast U.S. presence, and leverage the platform's broader national sales reach.

Continuim Equity Partners Acquires Cutting Edge Machining Solutions

December 2, 2022

Manufacturing

Pittsburgh-based private equity firm Continuim Equity Partners has acquired Cutting Edge Machining Solutions (CEMS), a Swiss-style CNC precision machine shop headquartered in Clearfield, Pennsylvania, from Michael Walsh. Continuim plans to use CEMS as the first investment in a new automation-enabled precision machining platform to drive operational improvements and pursue add-on acquisitions across aerospace, defense, electronics and other industrial end markets.