Precision Component
Carleton McKenna & Co. served as the exclusive sell-side representative to Precision Component Industries, LLC in its acquisition.
Press Release
Cleveland, OH Precision Component Industries (“PCI”) operates a full-service manufacturing enterprise specializing in high precision, low volume, complex configuration, traditional and exotic material components. The company offers a uniquely broad range of machining capabilities including multi-axis machining, manual grinding and CNC turning and milling. PCI maintains a longstanding reputation in the manufacturing community for its high-quality processes, talented workforce, specialized facility, and highly custom capabilities. PCI serves blue chip customers across automotive, aerospace, defense, energy and industrial sectors.
Since 1970, Ohio Gratings, Inc. has invested in hardworking employees who exemplify its commitment to make it right and ship when promised. Ohio Gratings brings extensive market intelligence, engineering strength and the ability to grow PCI into a leading solutions provider.
Industry Expert
Christopher J. McKenna
Managing Partner
Industry Expert
Alexis M. Becker
Vice President
Case Study
PCI was acquired by Ohio Gratings in February of 2023. Precision Component Industries operates a full-service manufacturing enterprise specializing in high precision, low volume, complex configurations. PCI maintains a longstanding reputation in the manufacturing community for its high-quality processes, talented workforce, specialized facility and highly custom capabilities. PCI serves blue chip customers across automotive, aerospace, defense, energy and industrial end markets.
After a comprehensive, custom-built and accelerated marketing process, CM&Co created a competitive bidding environment among a mix of private equity, family office, and strategic buyers, as well as independent sponsors. Given the competitive dynamics and CM&Co’s thoughtful negotiation, the initial prospective buyer increased their ultimate bid by nearly 40% to surpass the others and secure exclusivity with PCI. During exclusivity, PCI ownership elected to move forward with a different party.
