PrecisionX Group, Waterbury, CT, has been acquired by private equity firm Windjammer Capital. PrecisionX manufactures high-precision metal components for regulated industries. According to PrecisionX, the partnership marks a significant milestone in its growth trajectory and strengthens the company's ability to serve customers across its core end markets.
“Over the past three years, we partnered with CORE Industrial Partners to build PrecisionX into a scaled, differentiated platform with the capabilities, engineering talent, and technical expertise to compete and win in the world's most demanding industries,” says said Chris Huntington, CEO of Precision X. “I’m proud of everything we accomplished and deeply grateful for CORE's commitment every step of the way.
He adds, “As we look ahead, the PrecisionX management team is excited to begin our next chapter with Windjammer, a firm with a proven track record of helping niche manufacturers accelerate growth in highly regulated industries. With Windjammer’s backing, we see a great opportunity to sit down with our customers, better understand their needs, and then invest directly to support them in the market.”
Windjammer’s track record of scaling differentiated manufacturing businesses makes it a natural partner for PrecisionX, notes Craig Majernik, managing director at Windjammer. Windjammer has more than $3 billion in committed capital.
“As a provider of mission-critical, highly engineered precision components to customers in highly regulated markets, the business is firmly aligned with our investment strategy. We are excited to work alongside management, leveraging Windjammer’s relevant experience and resources, to accelerate the Company’s organic growth initiatives and pursue strategic add-on acquisitions that expand its capabilities and deepen its customer offerings.”
PrecisionX is a manufacturer of highly engineered metal components serving OEMs and Tier 1 suppliers in the medical device industry, as well as in the aerospace and defense and satellite and space industries. With approximately 400,000 sq ft of manufacturing space across seven facilities, the company integrates multiple advanced manufacturing capabilities under one platform, including deep draw, progressive stamping, microstamping, Swiss screw machining, 5-axis CNC milling and wire EDM.
PrecisionX remains headquartered in Waterbury, CT. It holds ISO 9001, ISO 13485, AS9100D certifications and maintains ITAR and FDA registrations.
