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

Thank you to the Legends Golf Club for hosting our annual golf outing! This year was our largest golf outing ever. Thank you to everyone who helped organize the event, and Indiana for providing a beautiful day for golf.

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Major Tool & Machine is pleased to take 7th out of 40 companies in TheFabricator.com’s annual fabrication rankings.

From the article: Any metal manufacturing manager would have looked at Major Tool & Machine’s customer mix in 2020 with at least a hint of envy. About half of the Indianapolis-based metal fabricating and machining operation’s revenue comes from defense; 15% comes from the semiconductor business; 10% from aerospace; 10% from power generation; 10% from the nuclear industry, including the national labs; and 5% from oil and gas. Considering this, it’s no surprise that 2020, despite all its challenges, was for Major Tool a record year.

“Our market mix continues to evolve,” said David Weyreter, vice president of sales and marketing. “We saw an uptick in defense-related spending, and a lot of our customers received contracts that allowed them to place new orders in 2020.”

Likewise, the work continues to ramp up in 2021. Recent new work includes fabrications for the Navy’s new Columbia-class submarine and precision machining of rocket engine nozzles associated with NASA’s Artemis program, which aims to return U.S. astronauts to the moon and Mars. Major Tool’s shop load is a combination of custom manufacturing and repeat production. The production work has allowed the company to invest extensively in machine and welding automation technology. However, the company’s primary business is in custom manufacturing; employees often work with large, complex fabrications and assemblies. That environment, Weyreter explained, requires talented and experienced people who understand metal fabrication techniques, including code-level welding. Major Tool employs more than 50 welders, most of whom are certified to perform code-level work.

Without such talent, Major Tool wouldn’t be the company it is today, sitting at No. 7 on this year’s FAB 40. It’s why for nearly 20 years it has developed its own machinist and welder training programs. The programs, conducted on the company’s Indianapolis campus, use dedicated training labs, classrooms, and shop floor shadowing. Weyreter himself participated in the initial training program in 2005.

“We start with the basics of welding and fabricating which includes cutting, grinding, and gouging, and the basics of print reading,” he said, adding that from there the three-month weld training program moves into process-specific information, incorporating AWS and ASME welder qualifications. At the end of the program, students are paired with seasoned welders as part of Major Tool’s mentor/mentee program to continue learning and perfecting their skills.

The continuation of such training and development programs is a critical part of Major Tool’s value proposition, and the programs continue to support the company as it heads into 2022.

“We’re seeing [late 2021 and early 2022] as being more of the same,” Weyreter said. ”We continue to see a tremendous amount of opportunity for growth within the contract manufacturing environment.”

Click here to view the original article.

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.

NOW HIRING! Join us at one of our upcoming in-person career fairs to be considered for a career at the fastest-growing manufacturing company in Indianapolis.

Please join us for one of the following dates:

Thursday, May 27th from 4 PM to 7 PM

Saturday, June 12th from 8 AM to 12 PM

We will be interviewing for the following positions during the fair: ablative technician, sandblast operator, assembly technician, toolsetter, shipper, and deburr.

The event will be held at our Indianapolis facility. To participate, you are required to pre-register on our website at www.majortool.com/careerfair

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.

Excellent Benefits including Health, Dental and Vision insurance options, Onsite Health and Wellness Center, Health Savings Account (HSA), Flexible Spending Account (FSA), 401k, Paid Time Off (PTO), 10 paid Holidays, Life Insurance, Voluntary Life for dependents, Educational Assistance, Short & Long Term Disability Insurance. We care about the health of our employees and provide a tobacco-free facility, onsite fitness center, and wellness events.

We are proud to be an Equal Opportunity, Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, sexual orientation, gender identity, disability, or veteran status.

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As neighbors of Family Promise of Greater Indianapolis for more than 12 years, MTM employees have witnessed overwhelmed parents with kids of all ages enter their doors across the street, grateful to have a place to stay with needs attended to by volunteers. We have also seen and supported those same families move into housing of their own thanks to the work of the professional case managers and staff at FPGI.

Family Promise of Greater Indianapolis believes in keeping every family together regardless of their makeup, and MTM employees support their mission to keep that going even through this pandemic. Team MTM is proud to support FPGI by offering our time, talent, and treasure to uplift those in need.

Help us raise $2,500 by Saturday, May 1, and Major Tool & Machine will match to reach our $5,000 goal!

FPGI Statistics:

• More than 73% of families secure permanent housing of their own.

• More than 87% of families retain that housing for at least two years.

• Family Promise never sacrificed capacity in the pandemic but expanded from serving eight to serving 20 families at a time when the economy led many more to call shelters.

Learn more about this campaign, and how you can spend a #NightWithoutABed on Saturday, May 1 to raise family homeless awareness, at www.fpgi.org.

To support FPGI and MTM’s matching pledge, go to https://www.givegab.com/teams/majortool.