Phoenix, AZ, August 1, 2019 - Thompson Capital Partners ("TCP") announced today the completion of the acquisition of Precise Metal Products Co., Inc., an Arizona corporation ("PMP"), in partnership with Staple Street Capital. PMP is a leading precision metal fabricator providing a one-stop source for complex metal, machining, formed and finished assemblies. PMP offers extensive manufacturing capabilities including hydroforming, punch press, metal spinning, roll forming, precision machining, laser cutting, wire EDM, TIG and resistance welding, painting, and ChemFilm finishing. PMP is ISO 9001:2015 and AS9100D certified as well as being NADCAP AS7003 certified for Welding and Chemical Processing. PMP serves all major aerospace and military OEMs, including Pratt & Whitney, Honeywell, UTC Aerospace, General Dynamics, and Orbital ATK. Established in 1957, PMP is located in Phoenix, Arizona and energized by over 175 talented employees.
Mike Thompson, Managing Partner of TCP, commented, "We are excited to partner with Staple Street in acquiring such a premier aerospace manufacturer. PMP has an excellent management team in place and has realized sales growth in excess of 50% during the past two years after winning and delivering transformational contracts with Pratt & Whitney. TCP and Staple Street will be focused on enhancing growth and organizational development opportunities as PMP continues to expand its capabilities and workforce."
About Thompson Capital Partners:
Thompson Capital Partners, founded in 2013, is an investment firm focused on enabling privately-held, lower middle-market companies realize their full potential. The firm specializes in providing turnaround, growth and consolidation expertise in combination with patient, long-term capital from its network of investment partners. The partners of the firm combine the operational expertise and in-depth due diligence capabilities of a strategic buyer with the seasoned acquisition team of a financial buyer. The firm's partners are hands-on operators who work alongside existing management or step-in to replace management when required. Free of the restrictions and excessive fees associated with typical private equity funds, the entire partnership is focused on creating long-term sustainable value. For more information, please visit http://thompsoncapital.partners.