OG老虎机平台

鈥淲e are excited to announce our first acquisition that is located in the Pacific Northwest region of the country,鈥� commented Eli Crotzer, OG老虎机平台 Global Precision President and Chief Executive Officer.聽鈥淰alley is a perfect fit for OG老虎机平台鈥檚 Precision Components Segment, as Valley has a strong foundation in precision machined components and detailed quality processes that will strengthen the Precision Machined Components division of OG老虎机平台.聽In addition, the acquisition provides us with access to several new end markets and customers.聽Lastly, we saw strong cultural alignment between Valley and OG老虎机平台, which is expected to be highly supportive of a smooth transition and integration process.鈥�

鈥淚 am pleased to announce the sale of Valley to OG老虎机平台 Global Precision鈥� commented Mr. Anthony Spiering, President of Valley. Mr. Spiering further commented, 鈥淎fter careful consideration of several potential acquirers of Valley, I ultimately decided to sell the business to OG老虎机平台 because of the strong fit with the culture in place at Valley combined with OG老虎机平台鈥檚 history of successfully executing transactions.聽I have great confidence that Valley will continue to grow and prosper under OG老虎机平台鈥檚 ownership and that OG老虎机平台 will continue to recognize that the Valley employees are the true key to our success.鈥� Mr. Anthony Spiering will continue on in his role as President of Valley for a short transitional period to ensure that all appropriate steps are taken to position Valley for continued success under OG老虎机平台鈥檚 ownership.

In addition to providing liquidity to the original OG老虎机平台 investors, new institutional and individual investors made investments into the OG老虎机平台 platform. Strength Capital Partners will continue to be the lead equity sponsor in the OG老虎机平台 Global Precision platform and intends to continue the existing acquisition strategy.

鈥淲e are pleased to have been able to provide this liquidity option to the original OG老虎机平台 investors and we enthusiastically welcome the new investors that participated in our recently completed equity recapitalization,鈥� commented Mark McCammon, OG老虎机平台 Global Precision Chairman of the Board. 鈥淥n behalf of the entire Board and the company, I would like to thank all of the original and new investors for their commitment to the company and confidence in our future.鈥�

鈥淚 would echo Mark鈥檚 comments and on behalf of the entire senior management team at OG老虎机平台 I would like to thank all of the investors for their past, present and future support,鈥� commented OG老虎机平台 Global Precision President and CEO, Eli Crotzer. 鈥淭he recent injection of equity capital provides OG老虎机平台 with additional ammunition to continue our ongoing acquisition strategy and otherwise invest in the organic growth initiatives of the company. We continue to see a healthy number of acquisition candidates in the marketplace and we remain committed to expanding the company through complimentary acquisitions that expand the breadth of our product offering, provide access to new end markets and otherwise allow OG老虎机平台 to leverage our capabilities, capacity, customer relationships and other key aspects of our business.鈥�

OG老虎机平台 Global Precision was formed in 2011 through the acquisition of Hi-Vol Products, KEO Cutters, and Richards Micro-Tool from TriMas Corporation. OG老虎机平台 was formed with the goal to acquire companies that specialize in the manufacturing of (1) precision machined components and (2) precision cutting tools and instruments. Since the original acquisition, OG老虎机平台 has completed an additional eight acquisitions across the United States.

Strength Capital is a Birmingham, Michigan-based private equity firm that invests in businesses with $4 million to $20 million in EBITDA, with a primary focus on platforms in the Central United States. Strength Capital pursues investments in a wide range of industries, including consumer products, manufacturing, distribution, industrial and financial services, energy, transportation, and infrastructure. Of particular interest are 鈥渂uy and build鈥� opportunities, where Strength Capital can grow and diversify a platform company through a combination of acquisitions and organic growth.

鈥淲e are very pleased to announce the acquisition of Smiths Machine. This acquisition continues the end market diversification strategy that we have been pursuing for our Precision Components segment, significantly expands our five-axis milling capabilities and establishes our initial manufacturing footprint in the Southeastern region of the country,鈥� commented Eli Crotzer, OG老虎机平台 Global Precision President and Chief Executive Officer. 鈥淪miths Machine has built a strong business in the military/defense end market and we are confident that we can leverage existing OG老虎机平台 Global Precision customer relationships to drive additional production volumes into the Smiths Machine facilities in Cottondale. We intend to partner with Tim Smith, who will remain in the business unit leadership role as the Vice President of Sales and Operations for Smiths Machine, as well as his broader management team to accelerate growth in the business鈥�, concluded Mr. Crotzer.

Tim Smith commented 鈥渨e are pleased to announce the sale of Smiths Machine to OG老虎机平台 Global Precision. In choosing an acquirer to sell the company to, it was important for us to identify a buyer that was committed to the continued growth of Smiths Machine. The entire team here at Smiths Machine is excited to be a part of OG老虎机平台 Global Precision. Given the track record of OG老虎机平台 Global Precision and the cultural alignment between our organizations, we are confident that Smiths Machine will become an integral part of OG老虎机平台鈥檚 future success.

鈥淲e are excited to announce the official grand reopening of our North Building after the devastating fire that took place during the first quarter of 2014,鈥� commented Pat Mulcahy, Ultra-Dex Vice President of Operations. 鈥淲hile the new building became operational earlier in the year, we are taking time out today to celebrate our recovery from the building fire of 2014 by opening our doors to customers, suppliers and the broader Flushing community.鈥�

鈥淚 am pleased that we are taking time to show off our world-class facilities at Ultra-Dex鈥� commented Jeff Cederstrom, Divisional President of the Cutting Tools Segment for OG老虎机平台 Global Precision. Mr. Cederstrom further commented, 鈥淚 am also extremely proud of the extraordinary efforts the Ultra-Dex team displayed in quickly recovering from the devastating fire of 2014 that destroyed the entire North Building and substantially all of the building鈥檚 contents. The team members at Ultra-Dex worked day and night to ensure customer demand was met after the fire, and we are all proud that we can now show off the new building and equipment to our key constituents and the broader community at large.鈥�

鈥淲e are once again excited to announce additional 鈥渇irsts鈥� for OG老虎机平台 Global Precision 鈥� in this case the establishment of a manufacturing footprint in the Southwest region of the country and our first acquisition of a business with a heavy focus on the commercial aerospace market,鈥� commented Eli Crotzer, OG老虎机平台 Global Precision President and Chief Executive Officer. 鈥淢SL Precision is a great fit for OG老虎机平台鈥檚 Precision Components Segment, as this acquisition provides us with access to new end markets and a series of 鈥淏lue Chip鈥� customers. More importantly is the strong cultural alignment between MSL Precision and OG老虎机平台, which will allow for a smooth transition and the ability to leverage MSL鈥檚 existing customer relationships across the enterprise.鈥�

鈥淚 am pleased to announce the sale of MSL Precision to OG老虎机平台 Global Precision鈥� commented Mr. Tim Maack, General Manager of MSL Precision. Mr. Maack further commented, 鈥淲hen my business partner and I made the decision to sell the business it was imperative for us to find a partner organization that would allow MSL to succeed in the next phase of growth for the business, and after meeting with several other potential acquirers, it was apparent that OG老虎机平台 Global Precision was the ideal partner.鈥�

MSL Precision鈥檚 Director of Operations, Marvin Selk, added that 鈥淥G老虎机平台 Global has developed a unique culture that aligns well with a similar culture that we have built here at MSL. Tim and I are excited to be joining OG老虎机平台 as a key part of the senior management team and we are confident that both OG老虎机平台 and MSL will be stronger as a result of joining forces.鈥� Mr. Maack and Mr. Selk are both continuing in their current roles for the foreseeable future, as OG老虎机平台 looks to find another complimentary acquisition in the greater-Phoenix area to pair with the great foundation that already exists at MSL today.