PHX Holdings Acquires Garrity Tool Company (GTC Machining)
February 1, 2019
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.
- Buyers
- PHX Holdings, JBA Capital
- Targets
- Garrity Tool Company (renamed GTC Machining)
- Platforms
- PHX Holdings
- Industry
- Manufacturing
- Location
- Indiana, United States
- Transaction Type
- Addon
Explore More
Related Acquisitions
-
PMGC Holdings Signs Non-Binding LOI to Acquire 76% of Arizona Precision Machining and Contract Manufacturer
June 1, 2026
Industrial Services
PMGC Holdings Inc. (NASDAQ: ELAB) entered into a non-binding letter of intent to acquire a 76% controlling interest in a privately held, Arizona-based precision machining and contract manufacturing company for all-cash consideration. The target’s existing owners would retain a 24% minority stake, subject to confirmatory due diligence and definitive documentation.
-
PMGC Holdings Acquires A&B Aerospace
May 13, 2026
Industrial Services
PMGC Holdings acquired 100% of A&B Aerospace, a precision-machining and aerospace manufacturing company serving aerospace and defense customers. The deal expands PMGC’s U.S.-based precision manufacturing roll-up strategy focused on AS9100D-certified CNC machining businesses.
-
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.
-
Precision Aerospace Holdings Acquires Decatur Machine Services
July 1, 2023
Manufacturing
Precision Aerospace Holdings, a portfolio company of CIC Partners, has acquired Decatur Machine Services, a Decatur, Texas-based precision machining company serving aerospace and defense customers. The transaction is an add-on to the Precision platform intended to expand its precision machining capabilities and program footprint across defense and aerospace customers.
-
Manitowoc Tool & Machining Acquires G&V Machine Company
May 3, 2023
Manufacturing
Manitowoc Tool & Machining, a portfolio company of Midwest Growth Partners, completed the acquisition of G&V Machine Company on May 3, 2023. G&V, an ISO 9001:2015 certified production CNC machining firm based in Ixonia, Wisconsin, supplies complex parts to construction, agriculture, on‑highway trucking, forestry, mining and other OEM industries; the deal expands MTM's capacity, capabilities and end-market reach.
-
G.S. Precision Acquires F.T. Gearing Systems
April 28, 2022
Aerospace & Defense
G.S. Precision, a portfolio company of AE Industrial Partners, has acquired F.T. Gearing Systems, a U.K.-based manufacturer of highly engineered aerospace gears. The deal expands G.S. Precision's gear capabilities and provides access to F.T. Gearing's blue-chip aerospace and defense customers; the Fitzgerald owners will remain with the business. Terms were not disclosed.
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.