Precision Aerospace Holdings Acquires Decatur Machine Services

Precision Aerospace Holdings Acquires Owens Machine and Tool Company

May 7, 2024

Manufacturing

Dallas-based Precision Aerospace Holdings LLC, a PE-backed aerospace manufacturing platform formed by CIC Partners and Juniper Capital Management, has acquired Owens Machine and Tool Company, a Lewisville, Texas CNC machine shop specializing in titanium and nickel alloy components for the aerospace and defense markets. The deal strengthens Precision's North Texas platform and expands its precision machining and tooling capabilities; terms were not disclosed.

Pursuit Aerospace Acquires Prescott Precision Die and Merc Aerospace

October 7, 2024

Manufacturing

Pursuit Aerospace has completed the acquisitions of Prescott Precision Die, Inc. (Arizona) and Merc Aerospace, Ltd. (United Kingdom) to broaden its precision machining capabilities and expand its geographic footprint in the Southwestern U.S. and the U.K. The deals add heat-treatment, nondestructive testing, CMM inspection and plating capabilities to Pursuit's global aircraft engine component manufacturing platform.

CIC Partners and Juniper Capital Form Precision Aerospace, Recapitalize Applegate EDM and Icon Machine Co.

June 30, 2022

Manufacturing

Dallas-based private equity firms CIC Partners and Juniper Capital Management partnered to form Precision Aerospace Holdings and completed a recapitalization that unites Applegate EDM and Icon Machine Co. under the new platform to serve aerospace, space and defense OEMs. The combined platform, led by CEO Pete Stegmaier, will pursue organic and acquisitive growth to expand precision machining and EDM capabilities for sophisticated aerospace and defense programs.

Precision Aerospace Holdings Acquires Clearwater Engineering

March 18, 2025

Manufacturing

Dallas-based Precision Aerospace Holdings, a portfolio company of Juniper Capital Management and CIC Partners, has acquired Clearwater Engineering, a Derby, Kansas precision machining and CNC milling company serving commercial and government aerospace customers. The add-on deal (closed March 7, 2025) expands Precision's Midwest footprint, adds machining capacity and capabilities, and brings approximately 40 Clearwater employees into the Precision platform.

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.

Cadence Aerospace (Arlington Capital Portfolio) Acquires Premier Processing

February 18, 2020

Aerospace & Defense

Cadence Aerospace, a portfolio company of Arlington Capital Partners, has acquired Premier Processing, a Wichita-based provider of surface finishing and special processing for aerospace and defense customers. The add-on acquisition expands Cadence's specialty processing capabilities and will leverage Premier's facility and management team to support broader Cadence operations and customer base.