Key Takeaways
- • Juniper Capital Management and CIC Partners have exited their investment in Precision Aerospace Holdings, selling the platform to Precinmac, a portfolio company of Centerbridge Partners, with Lincoln International serving as exclusive financial advisor on the transaction.
- • Precision Aerospace, formed in June 2022, executed a disciplined buy-and-build strategy over 3.5 years, acquiring four complementary businesses: Applegate EDM, Icon Machine Co., Decatur Machine Services, Owens Machine and Tool Company, and Clearwater Engineering (March 2025).
- • The platform specializes in manufacturing and machining of complex, tight-tolerance components for critical space, aerospace, and defense programs, positioning itself as a critical supplier to major defense and space contractors.
- • The acquisition expands Centerbridge's existing aerospace, defense, and space portfolio (Precinmac) into new geographic markets, particularly the Dallas-Fort Worth region, while deepening its end-market focus within the aerospace and defense sector.
Summary
Juniper Capital Management, a Dallas-based private investment firm, has announced the sale of Precision Aerospace Holdings to Precinmac, a portfolio company of Centerbridge Partners. Lincoln International acted as the exclusive financial advisor to Juniper on the transaction. The deal marks the exit of Juniper and its co-investor, CIC Partners, from a platform they formed in June 2022 with the stated objective of building a scaled supplier to the aerospace, defense, and space industries through disciplined acquisition and organic growth.
Precision Aerospace launched with the simultaneous acquisition of two complementary businesses: Applegate EDM, a provider of electrical discharge machining services, and Icon Machine Co., a precision machining specialist in tight-tolerance aerospace and defense components. Over the subsequent 3.5 years, the platform executed a four-acquisition build-out strategy, adding Decatur Machine Services (July 2023), a 30-year-old manufacturer of complex aerospace components and tools; Owens Machine and Tool Company (2024), specializing in CNC machining of titanium and nickel alloys; and Clearwater Engineering (March 2025). This sequential expansion created a scaled, geographically distributed platform with complementary machining and manufacturing capabilities focused on critical, high-specification applications.
The sale to Centerbridge's Precinmac represents a strategic consolidation within the aerospace and defense supply chain. According to LinkedIn commentary from Lincoln International transaction participants, the acquisition expands Precinmac's geographic reach into new markets while deepening its focus on aerospace, defense, and space end markets. The transaction underscores continued institutional capital allocation toward specialized manufacturing suppliers serving critical defense and space programs, a sector benefiting from sustained government spending and supply chain reconfiguration priorities within the U.S. industrial base.
Precision Aerospace launched with the simultaneous acquisition of two complementary businesses: Applegate EDM, a provider of electrical discharge machining services, and Icon Machine Co., a precision machining specialist in tight-tolerance aerospace and defense components. Over the subsequent 3.5 years, the platform executed a four-acquisition build-out strategy, adding Decatur Machine Services (July 2023), a 30-year-old manufacturer of complex aerospace components and tools; Owens Machine and Tool Company (2024), specializing in CNC machining of titanium and nickel alloys; and Clearwater Engineering (March 2025). This sequential expansion created a scaled, geographically distributed platform with complementary machining and manufacturing capabilities focused on critical, high-specification applications.
The sale to Centerbridge's Precinmac represents a strategic consolidation within the aerospace and defense supply chain. According to LinkedIn commentary from Lincoln International transaction participants, the acquisition expands Precinmac's geographic reach into new markets while deepening its focus on aerospace, defense, and space end markets. The transaction underscores continued institutional capital allocation toward specialized manufacturing suppliers serving critical defense and space programs, a sector benefiting from sustained government spending and supply chain reconfiguration priorities within the U.S. industrial base.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.