New York, New York.  April 2, 2020. GenNx360 Capital Partners, a New York-based private equity firm, today announced the successful sale of its portfolio company, Precinmac Precision Machining to an investor group consisting of Pine Island Capital Partners, LLC, Bain Capital Credit, LP and Compass Partners Capital LLC.
 
The Precinmac brand represents four independently-owned companies in the United States and Canada – Maine Machine Products Company, Hoppe Technologies, Trimaster Manufacturing, and HPG.  The Company specializes in precision milling and turning, multi-axis machining, molding and grinding, close tolerance fabrication, and complex geometries servicing prime contractors in the aerospace, defense, semiconductor, automation, and other sectors that rely on ultra-high precision manufacturing capabilities and expertise. 
 
During our investment in Precinmac, GenNx360, in partnership with management, generated meaningful value by driving strategic initiatives in the areas of leadership, operational and productivity efficiencies, go-to-market strategy, sales force effectiveness, pricing optimization and customer expansion.  As a result, Precinmac achieved attractive growth and solidified its position as a leading supplier of mission critical precision machined components and assemblies.
 
Matt Guenther, the GenNx360 Managing Partner who led the transaction stated, “Our investment in Precinmac and the achievements attained exemplifies GenNx360’s operational differentiators.”
 
Houlihan Lokey, Inc. and Alantra served as financial advisors and Winston & Strawn, LLP were the legal advisors to GenNx360 Capital Partners.