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

Major Tool & Machine, supplier on NASA’s Space Launch System, a critical piece of NASA’s return to the Moon and journey to deep space, met with Members of Congress and Congressional staff, including representatives from Indiana to advocate on behalf of suppliers nation-wide.

More than 18,000 jobs across all 50 states are involved in launching the first woman and next man to the Moon, and Major Tool & Machine highlighted their contributions along with about 100 Space Launch System, Exploration Ground Systems and Orion supplier companies from across 29 states at the ninth annual suppliers’ conference, held virtually this year.

Major Tool & Machine in support of NASA’s Space Launch System is supporting the missions that will ultimately send humans farther into deep space than ever before. 

Established in 1946, Major Tool & Machine Inc. (MTM) is a contract manufacturer in Indianapolis, Indiana, that provides manufacturing solutions for our customer's most complex needs. MTM specializes in large CNC milling and turning machining, high-speed machining, manual and robotic welding, engineering, CAD/CAM programming, project management, inspection, and assembly services.

Under NASA’s Artemis program, the agency will first test the SLS rocket and Orion spacecraft as an integrated system ahead of crewed flights, and the journey to the launch pad for Artemis I is well under way. The agency recently performed a test of the rocket’s core stage, and the Orion spacecraft transferred from Lockheed Martin to NASA’s Exploration Ground Systems team at Kennedy Space Center for processing and preparation for launch. In addition, Exploration Ground Systems is nearing the completion of booster stacking, the assembly of the five-segment 177-foot long twin solid rocket boosters, at Kennedy’s massive Vehicle Assembly Building.

Major Tool &Machine is supporting NASA’s goal of sending humans back to the Moon and then to Mars through its contribution to Artemis’ deep space exploration systems, while advancing American manufacturing, technology and innovation, and helping to inspire the next generation of explorers and engineers.

View fullsize

Major Tool & Machine is proud to partner with Vincennes University to establish the second Indiana Federation for Advanced Manufacturing Education (INFAME) initiative in the state.

The first class of students is expected to start in Fall 2020. Students will be trained in automation, robotics, and other aspects of advanced manufacturing.

From the article:

The program, which will be based at the University’s Aviation Technology Center at Indianapolis International Airport, will be the first of its kind in Central Indiana and only the second Indiana Federation for Advanced Manufacturing Education (INFAME) initiative in the state. The Central Indiana INFAME chapter includes many leading employers in the Indianapolis area, including Eli Lilly; Major Tool & Machine; Steel Dynamics, Inc.; and 3M.

Click here to read the full article from Inside Indiana Business.

Click here to read the full press release from Vincennes University.

Click here to view the official INFAME website.

MTM was featured on an Inside Indiana Business interview with Conexus Indiana CEO Mark Howell highlighting our upcoming MFG Day event which is scheduled to have over 1,200 high school students attend. The interview went on to discuss the existing challenges in the manufacturing industry and the skills gap that continues to challenge the industry. Fast forward to 4:00 to view the MTM footage.

From the article:

Indiana has the highest concentration of manufacturing workers in the country, but the industry’s negative perception is hurting talent attraction efforts. Conexus Indiana CEO Mark Howell talks about changing the perception and putting more students on the path to advanced manufacturing and logistics jobs. If you would like to learn more about how you can participate in Manufacturing Day, visit MFGDay.com.

http://www.insideindianabusiness.com/clip/14911213/around-indiana-conexus-indiana