Calder Capital is pleased to announce that West Michigan, MI-based Precision Engineering & Manufacturing has been acquired by Individual Investors.
Since they purchased the company in 2006, owners Art and Marcy Gajewski have worked diligently to build and deliver the highest quality services to Precision Engineering’s growing and diverse customer base. As they transition into retirement, the two are very pleased to be leaving the Company in capable hands. “We feel very comfortable leaving the Business in the capable hands of the Tilma Family. It was essential that our successor maintain the level of care for our employees and customers that embodied the culture of Precision Engineering. Hats off to Calder Capital for finding the right fit for the future of our company!
The lead investor acquiring Precision Engineering & Manufacturing, Scott Tilma, is eager to build on the success and profitability the Company has historically generated. “I look forward to serving Precision Engineering’s valued customer base and working in a team of talented individuals. Throughout the expedient sale process put on by Calder, I only grew more excited about the prospect of acquiring the Company and I’m pleased Art and Marcy see I will be a good fit to continue growing the Company.”
Max Friar, Managing Partner of Calder Capital, had some commentary on the transaction. “It’s rare to see a small manufacturing Company as nice as Precision Engineering. Art and Marcy’s dedication to fast turnaround and excellent communication with their customers helped build a solid base for the Tilma Family to assume the reins. I enjoyed working with them both and wish them the best in their retirement.”
Calder Capital, LLC served as the exclusive M&A Advisor for Precision Engineering & Manufacturing, Inc. Precision engaged Calder in 2018 and the transaction closed in February 2019. It was our team’s 2nd closing of 2019.
We would like to thank the following parties for their extremely valuable roles in helping to bring this transaction to a successful closing:
Seller’s Counsel – Todd Anthes, Scholten Fant
Buyer’s Counsel – Andrew Longcore, The Business Law Group
Lender – David Moored, Byline Bank
Andrew Longcore had this to say about the transaction, “Precision Engineering was a transaction where all the pieces seem to fit. Despite all the details that came up throughout the process, everyone involved had the same vision and goal. Transitioning ownership in a business can always be a little turbulent but, with how this one went, I think Precision Engineering will be a fixture in West Michigan for years to come.”
About Precision Engineering & Manufacturing:
Precision Engineering & Manufacturing, Inc is a profitable and turn-key manufacturing company headquartered in Nunica, MI. The company serves other companies through the development and manufacturing of fabricated metal solutions, as well as machined parts and assemblies. All work is overseen by the company’s veteran engineering and design staff who work directly with customers to ensure the highest client satisfaction. Please view additional information at the company’s website: http://www.pem-inc.com/