Investor Group Acquires Precinmac Precision Machining

April 7, 2020

Willkie represented Compass Partners Capital, LLC and an investor group led by Bain Capital Credit, LP and Pine Island Capital Partners, LLC in their recently completed acquisition of Precinmac Precision Manufacturing.

On April 2, Bain Capital Credit, LP and Pine Island Capital Partners, LLC, announced the acquisition of Precinmac Precision Machining. Compass Partners Capital helped arrange the transaction and is investing alongside Bain Capital and Pine Island.

Precinmac is a leading diversified manufacturer of high-tolerance precision machined components and assemblies with entities in the United States and Canada. Precinmac specializes in precision milling and turning, multi-axis machining, molding and grinding, and complex geometries servicing prime contractors in industries, including aerospace, defense, semiconductor, and automation. The Precinmac management team will continue to lead the business during its next phase of growth.

Bain Capital Credit, LP is leading global credit specialist with approximately $40.8 billion in assets under management. Pine Island Capital Partners, LLC is a U.S. private equity firm with a deeply connected and accomplished partner group of former senior government and military officials.

The multidisciplinary Willkie team was led by partners Robert Rizzo and David Tarr and included associates Frances Dales, Kevin Tarsa and Nait Patel.