South Paris, Maine & Indianapolis, Indiana –September 1, 2021 – Precinmac, a diversified manufacturer of high-precision machined components and assemblies in the aerospace and defense, semiconductor, medical, and general industrials sectors, today announced that it has purchased Major Tool & Machine. The acquisition expands Precinmac’s capabilities and differentiated value proposition to customers.
Founded in 1946 and located in Indianapolis, Indiana, Major Tool & Machine specializes in serving the aerospace and defense, power generation, energy, semiconductor, and oil and gas markets. In addition to the Company’s large-format machining, fabrication, and assembly services, Major Tool & Machine provides design for manufacturing assistance and supports both manufacturing engineering as well as contract manufacturing.
“We are excited to expand our capabilities by adding a best-in-class large format business which expertly serves the needs of the market,” said Eric Wisnefsky, CEO of Precinmac. “This acquisition is another step in the advancement of our multi-faceted strategy to expand our business through acquisition in all sectors of the industry base. Major Tool & Machine is a full complement to our existing portfolio."
With its seven divisions – Maine Machine Products Company, Hoppe Technologies, Trimaster Manufacturing, HPG, Viper Northwest, and Shields Manufacturing - Precinmac specializes in precision milling and turning, multi-axis machining, grinding, close tolerance fabrication, and complex geometries. Precinmac is a critical supplier to a wide range of prime contractors in the aerospace, defense, semiconductor, automation, medical and other sectors that rely on Precinmac’s ultra-high precision manufacturing capabilities and expertise. From its integrated manufacturing locations in the U.S. and Canada, Precinmac provides broad capabilities and expertise to these demanding industries.
“We are very excited for both our customers and employees to join the Precinmac family of companies,” said Steve Weyreter, owner of Major Tool and Machine. “It is clear that Precinmac is poised to support the continued demand of our customer base by providing additional resources with additional capital equipment and hiring of people.”
“We have built an excellent company supported by our employees and community, serving the increasing needs of our customers,” said Mike Griffith, President Major Tool & Machine. “The entire Major Tool team looks forward to continuing to satisfy the small format and large format needs of our current and future customers.”
Precinmac is owned by Pine Island Capital Partners, LLC, Bain Capital Credit, LP, and Compass Partners Capital.
About Precinmac Precision Machining
Precinmac (https://www.precinmac.com/) is a leading diversified manufacturer of high-tolerance precision machined components and assemblies. Precinmac has six divisions in the United States and Canada – Maine Machine Products Company, Hoppe Technologies, Trimaster Manufacturing, HPG, Viper Northwest, and Shields Manufacturing.
Alantra served as financial advisors and Willke Farr & Gallagher, LLP served as legal advisor to Precinmac. Katz, Sapper, and Miller served as accounting and tax advisors and Ice Miller, LLP served as legal advisors to Major Tool & Machine.
Media Contact
Sophia Goulet
sgoulet@mmpco.com
207-743-6344
