PrecisionX Group has successfully acquired MSK Precision Products, a precision parts manufacturer, with the help of Versailles Group, Ltd. PrecisionX Group, a portfolio company of CORE Industrial Partners, specializes in providing specialty precision metal manufacturing capabilities for critical-use applications in growth-oriented end markets. MSK Precision Products, based in Tamarac, Florida, has been a valuable asset for Brinkman International Group, but no longer aligns with their future goals and vision. The sale of MSK to PrecisionX Group is expected to enhance PrecisionX’s growth potential and allow Brinkman International Group to realign its portfolio with its long-term objectives.
MSK Precision Products offers precision machining and assembly services with expertise in Swiss machining and specialized materials. They primarily serve customers in the medical, aerospace, defense, and telecommunication end markets. MSK holds ISO 13485, AS 9100, and ISO 9001:2015 certifications, along with FDA registration as a medical products contract-manufacturing company. PrecisionX Group, on the other hand, provides precision metal components for critical-use applications in aerospace & defense, medical devices, satellite and space, electric vehicles, mining, semiconductors, and other industrial markets.
Versailles Group, Ltd., a Boston-based investment bank with 37 years of experience, acted as the exclusive financial advisor to Brinkman International Group for the acquisition of MSK Precision Products. Versailles Group specializes in international mergers, acquisitions, and divestitures, with an established global presence encompassing the U.S., Europe, Canada, Asia, and South America. They have a strong track record of delivering successful outcomes for their clients.
CORE Industrial Partners, the parent company of PrecisionX Group, is an industrials-focused private equity firm with more than $1.58 billion in total limited partner capital commitments. They invest in North American lower middle-market manufacturing, industrial technology, industrial services, and consumer products businesses. The team at CORE consists of former CEOs and investment professionals with shared beliefs, deep experience, and a track record of building market-leading businesses.
Overall, the acquisition of MSK Precision Products by PrecisionX Group marks a strategic move that is expected to benefit all parties involved. With Versailles Group’s expertise in facilitating successful transactions and CORE Industrial Partners’ focus on building market-leading businesses, the future looks promising for MSK Precision Products under the new ownership.
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