The Eastern Company Acquires Sungear And Crown Precision For $7.85 Million To Establish Aerospace And Defense Platform
By Amit Chowdhry ● Jun 8, 2026
The Eastern Company has announced the acquisition of Sungear, LLC and Crown Precision, two California-based precision manufacturers of high-tolerance components serving aerospace, defense, and adjacent end markets, for $7.85 million in aggregate consideration on a cash-free, debt-free basis. The transaction establishes a fourth operating platform for Eastern, complementing its existing portfolio of Eberhard Manufacturing, Velvac, and Big 3 Precision. The deal was funded through borrowings under Eastern's existing revolving credit facility with Citizens Bank, and on a combined basis the two companies generated approximately $22.8 million in revenue for the trailing twelve months ended April 1, 2026.