Houlihan Lokey Advises Precise Metal Products

Houlihan Lokey is pleased to announce that Precise Metal Products (PMP), a portfolio company of Staple Street Capital, has been acquired by Precise Aerospace & Defense (Precise A&D), a newly formed platform of ATL Partners (ATL). The transaction closed on September 18, 2026.

Founded in 1957 and headquartered in Phoenix, Arizona, PMP is a leading provider of critical airflow management solutions for engine systems, auxiliary power units, and environmental control systems applications serving commercial aerospace and defense markets. The company specializes in complex forming and fabrication solutions that are built to machine-level tolerances, enabled by vertically integrated capabilities and deep engineering expertise that leverage meaningful process IP. PMP maintains long-standing relationships with premier OEMs and Tier I suppliers, with contractual positions across ramping engine platforms powering high-growth narrow-body fleets, next-generation wide-body aircraft, and prominent defense programs.

Staple Street Capital is a leading private equity firm with approximately $900 million in capital under management and invests in market-leading businesses where there are transformational opportunities to create value. Staple Street Capital helps companies capitalize on new opportunities to build stronger, more valuable businesses.

Founded in 2014, ATL is a premier sector-focused private equity firm that invests in commercial aerospace, national security, and transportation and logistics companies. ATL brings deep sector expertise to its investment approach with experienced investment professionals and strong operating executives who have decades of combined experience in each of ATL’s core sectors. ATL formed Precise A&D to build a scaled advanced manufacturing provider of critical components and subsystems for the aerospace, defense, and space end markets, with PMP as the platform’s inaugural acquisition.

Houlihan Lokey served as the exclusive financial advisor to PMP and Staple Street Capital, and the transaction represents the firm’s continued success and deep expertise in the A&D manufacturing market segment. Since 2020, Houlihan Lokey’s Aerospace, Defense & Government practice has closed 90+ transactions worth more than $17 billion in enterprise value. Houlihan Lokey’s Aerospace, Defense & Government practice is among the largest dedicated industry teams worldwide.

RELATED: Aerospace, Defense, Financial Sponsors Coverage, Mergers and Acquisitions