Precision Aerospace, LLC, a leader in complex metal assemblies for aerospace and industrial applications, today announced that is has completed a recapitalization transaction led by Willcrest Partners and Curran Companies, two operationally focused, long-term oriented family offices.
Since its inception over 40 years ago, Precision Aerospace has been producing high quality prototypes and production run metal assemblies with unique hydroforming, fabrication, welding and machining capabilities all under one roof. The company has been asked by its customers to expand capacity to accommodate rapidly growing aerospace and industrial production requirements and is excited to announce this transaction to enable expansion.
Marshall Hodge, President of Precision Aerospace, commented, “Since joining Precision in 2018, I have been refining processes, implementing software, and expanding the team to handle our growing backlog. I am excited to partner with Willcrest Partners and Curran Companies to continue growing the business and take Precision’s manufacturing excellence and engineering capabilities to the next level.”
“Willcrest Partners and Curran Companies share a long-term orientation that emphasizes extensive investment in people, processes, and systems. We are excited to partner with Marshall Hodge and the team at Precision to expand the company’s capabilities to meet our customers’ exacting standards. With Precision’s excess capacity, our goal is to find the most talented people in the industry to expand while staying truly customer focused,” commented Ben Krick, Partner at Willcrest Partners.