Willkie represented Compass Partners Capital, LLC in the transaction.
On October 26, Compass Partners Capital, LLC announced it acquired 100% of the equity of PRL, Inc. PRL, Inc. is a leading manufacturer of high-tech alloy castings, providing high quality industrial products and work to the US Navy and nuclear power industries.
PRL is headquartered in Cornwall, PA and comprised of PRL Industries, Inc. Regal Cast, Inc. and Lebanon Tool Company Inc. PRL, Inc. and its subsidiaries have capabilities to pour a wide variety of ferrous and nonferrous alloy castings, conduct conventional to close tolerance machining on small to large components and provide in-house non-destructive examination and upgrading services.
PRL will be combined with Micro Precision Inc., a Compass portfolio company, to create a best-in-class enterprise serving the United States Navy, nuclear power and railroad industries.
The multidisciplinary Willkie deal team was led by partner Robert Rizzo, and included partners David Tarr, Michael Katz, Carly Saviano, Russell Pinilis, and associates Frances Dales and Christopher Giusto.