Houlihan Lokey Advises Precinmac Precision Machining

Houlihan Lokey is pleased to announce that Precinmac Precision Machining (Precinmac), a portfolio company of GenNx360 Capital Partners, has been acquired by an investor group consisting of Pine Island Capital Partners, LLC, Bain Capital Credit, LP, and Compass Partners Capital LLC. Houlihan Lokey served as the financial advisor to Precinmac. The transaction closed on March 27, 2020.

Precinmac is a leading supplier of mission-critical precision machined components and assemblies, supplying products for applications ranging from aero-engine airfoils to fuel control housings and vacuum chambers. Precinmac specializes in precision milling and turning, multi-axis machining, molding and grinding, close tolerance fabrication, and complex geometries servicing prime contractors in the aerospace, defense, semiconductor, automation, and other sectors that rely on ultra-high precision manufacturing capabilities and expertise. Precinmac has four divisions—Maine Machine Products Company, Hoppe Technologies, Trimaster Manufacturing, and HPG.

The investor group was led by Pine Island Capital Partners and Bain Capital Credit. Compass Partners Capital helped arrange the transaction and is investing alongside Pine Island and Bain Capital.

Houlihan Lokey served as the financial advisor and assisted in marketing, structuring, and negotiating the transaction on behalf of Precinmac and GenNx360 Capital Partners.