Radial Equity Partners announced an investment in Thomas Precision Machining, forming a strategic partnership to support the company’s continued growth and operational expansion.
Thomas Precision Machining, founded in 1981 and headquartered in Rice Lake, Wisconsin, is a provider of replacement parts, service, and equipment for industrial processing applications, primarily serving the protein and food processing industries. The company also operates additional facilities in Louisiana and Georgia and is known for its technical expertise and ability to deliver high-quality, mission-critical components that support uptime and efficiency.
The partnership is expected to enable Thomas Precision Machining to accelerate investment in its people, processes, and capabilities while maintaining its longstanding customer-focused approach and operational standards.
As part of the transaction, Tom Goeke, former CEO of Milacron and Klöckner Pentaplast, will serve as Chairman of Thomas Precision Machining, supporting the company’s next phase of growth. Financial terms of the deal were not disclosed.
Origin Merchant Partners served as exclusive financial advisor to Thomas Precision Machining, while Stout acted as exclusive financial advisor to Radial Equity Partners.
Radial Equity Partners is a private equity firm focused on investing in middle market businesses, partnering with management teams to drive long-term value creation through operational expertise and industry relationships.
KEY QUOTES
“Over the past four decades, TPM has built its name on a commitment to quality, reliability and doing right by our customers. I am proud of the team we have built and the trust our customers place in us every day. Partnering with Radial will provide the resources and strategic support to continue investing in our people and capabilities while preserving the values that have defined TPM for more than 40 years.”
Kevin Nyara, Outgoing CEO And Owner Of Thomas Precision Machining
“TPM is a business with a strong culture, deep customer relationships and differentiated technical capabilities. We see a meaningful opportunity to build on this foundation as TPM enters its next phase of growth.”
Tom Goeke, Chairman Of Thomas Precision Machining
“TPM’s long history of growth is a reflection of the skill and dedication of its team. The company’s many experienced employees are critical to delivering dependable quality and service to TPM’s customers. We are excited to partner with the TPM team to support continued investment in the people and processes that have made the company a trusted partner to its customers.”
Joel Haney, Partner At Radial Equity Partners
