ATL Partners has launched Precise Aerospace & Defense, a new platform focused on building a scaled, vertically integrated provider of mission-critical components and subsystems for the aerospace, defense, and space markets.
As the platform’s inaugural transaction, Precise Aerospace & Defense has acquired Precise Metal Products from affiliates of Staple Street Capital.
Founded in 1957 and headquartered in Phoenix, Precise Metal Products provides critical airflow management solutions used in engine systems, auxiliary power units, and environmental control systems. The company specializes in complex forming and fabrication supported by vertically integrated engineering, manufacturing, assembly, and secondary processing capabilities.
Precise Metal Products maintains longstanding relationships with major aerospace original equipment manufacturers and Tier 1 suppliers. The company also holds long-term agreements supporting a diversified portfolio of narrow-body and wide-body commercial aircraft as well as defense programs.
ATL plans to use Precise Metal Products as the foundation for a broader aerospace and defense manufacturing platform. Precise Aerospace & Defense will pursue organic growth initiatives and strategic add-on acquisitions designed to expand its product offerings, technical capabilities, production capacity, and customer relationships.
The transaction reflects ATL’s continued focus on aerospace and defense supply chains. The private equity firm invests across commercial aerospace, national security, and transportation and logistics, and plans to leverage its sector expertise and operating resources to support the platform’s expansion.
Precise Metal Products will continue to be led by CEO Steve Bangerter and its existing senior leadership team following the acquisition.
Lincoln International served as exclusive financial advisor to ATL Partners, while Gibson Dunn & Crutcher served as legal advisor. Houlihan Lokey advised Precise Metal Products and Staple Street Capital, with McDermott Will & Schulte serving as legal counsel.
KEY QUOTES:
“The acquisition of PMP and launch of Precise Aerospace & Defense is an important step in building a leading provider of mission-critical A&D components through organic growth and disciplined M&A. PMP’s vertically-integrated capabilities, long-tenured customer relationships, and disciplined operating culture make it the ideal foundation for the platform. We look forward to partnering with Steve and his team to accelerate growth, expand capacity, and pursue strategic acquisitions across the sector.”
Mike Kramer, Partner At ATL Partners
“We want to thank Staple Street Capital for their partnership and guidance, which has been instrumental in helping us expand our production capabilities, drive growth, and promote a culture of operational excellence across our organization. Joining forces with ATL Partners and launching Precise Aerospace & Defense is an exciting next chapter for PMP. ATL’s deep sector expertise and operating resources will help us to build on the foundation we have established over more than six decades, continue investing in our people and equipment, and better serve our customers as we grow the platform together.”
Steve Bangerter, Chief Executive Officer Of Precise Metal Products
“We want to thank the Precise Metal Products team for their leadership and hard work. We are proud of the partnership we developed with the Company and are confident that the investments we have made in PMP will support continued success in the years ahead.”
Partners Of Staple Street Capital
