CORE Industrial Partners Completes Sale of PrecisionX Group

CORE Industrial Partners has completed the sale of PrecisionX Group, a high precision metal components manufacturer serving several regulated industries, including aerospace and defense. The transaction marks a notable development for aerospace supply chain stakeholders who rely on advanced forming and machining capabilities to support increasingly complex program requirements.

PrecisionX Capabilities Support Aerospace and Space Programs

PrecisionX, headquartered in Waterbury, Connecticut, provides deep and shallow drawn and progressive stamping, along with Swiss screw, CNC, and wire EDM machining. These processes are widely used in aerospace and satellite applications where dimensional accuracy, repeatability, and material performance are essential.

The company operates approximately 400,000 square feet of manufacturing space across seven facilities and employs more than 650 people. PrecisionX holds ISO 9001, ISO 13485, and AS9100D certifications, along with ITAR and FDA registrations, positioning the company to support mission critical components for aerospace, defense, and space customers.

Growth Strategy Focused on High Reliability Markets

CORE invested in PrecisionX in early 2023 with the goal of scaling a differentiated advanced manufacturing platform capable of serving highly regulated sectors. Over the past three years, the company achieved significant EBITDA growth through capacity expansion, new technical capabilities, and the integration of five strategic acquisitions.

Leadership at CORE noted that the company’s growth validates a thesis centered on building industrial platforms that can support demanding end markets, including aerospace and defense. The firm emphasized that PrecisionX is positioned for continued expansion under its new ownership.

Operational Expansion Strengthened Aerospace Relevance

During CORE’s ownership, PrecisionX expanded from a single site to a network of seven facilities. The company broadened its technical capabilities to include multiple specialized manufacturing processes that are increasingly important for aerospace programs requiring tight tolerances, lightweight structures, and high reliability components.

CORE highlighted that the company sharpened its focus on high growth sectors such as aerospace, defense, and space, enabling PrecisionX to deliver more complex and mission critical solutions.

PrecisionX Leadership Looks Ahead to Next Phase

PrecisionX CEO Chris Huntington credited CORE with providing strategic guidance and operational support that helped build the company into a scaled platform. He noted that the organization is well positioned to continue serving customers that require highly engineered precision components, including those in aerospace and space markets.

About CORE Industrial Partners

CORE Industrial Partners is a private equity firm focused on manufacturing, industrial technology, and industrial services businesses across North America. The firm manages more than 1.58 billion dollars in capital commitments and is led by a team of former CEOs and investment professionals with experience building industrial platforms.

About PrecisionX Group

PrecisionX Group manufactures precision metal components for critical use applications across aerospace and defense, medical devices, satellite and space, electric vehicles, mining, semiconductors, and other industrial markets. The company uses deep and shallow drawn and progressive stamping, Swiss screw machining, CNC machining, and wire EDM to support both prototyping and high volume production.