FOCUS Investment Banking Represents CORE Industrial Partners in its Acquisition of MSK Precision Products, Inc.
Washington, DC (September 17, 2024) – FOCUS Investment Banking (“FOCUS”), a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, announced today that PrecisionX Group (“PrecisionX”), a portfolio company of CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, and industrial services-focused private equity firm, has acquired MSK Precision Products, Inc., (“MSK” or the “Company”), a provider of precision machining and assembly services with an expertise in Swiss machining. FOCUS represented CORE in this transaction.
The PrecisionX platform was formed in 2023 to provide specialty precision metal manufacturing capabilities for critical-use applications in growth-oriented end markets. The platform includes the acquisitions of GEM Manufacturing, Coining MFG, National Manufacturing Co. Inc., Ditron Inc. and now, MSK. Collectively, PrecisionX now covers more than 275,000 square feet of manufacturing space with approximately 500 employees across seven facilities.
Founded in 1979, MSK offers precision Swiss-style CNC turning, multi-axis CNC grinding, CNC milling, CNC turning, laser welding, laser marking, passivation and bending with the capability to provide individual components or complete finished assemblies. The Company routinely works with specialized materials, including Inconel, Hastelloy and Waspaloy as well as titanium, aluminum, stainless steel and brass.
Targeting sectors with rigorous technical specifications, regulatory compliance standards, and exacting quality requirements, MSK serves customers primarily in the medical, aerospace & defense and telecommunications end markets. Representative product applications range from navigation systems for spine and cranial surgical procedures to drones, turbine engines, and deep-sea interconnect devices. Headquartered outside Fort Lauderdale in Tamarac, Florida, MSK operates a 35,000 square foot facility.
“We believe the acquisition of MSK is highly strategic for several reasons, including enhanced capacity and expertise in specialty Swiss precision machining, deepened presence in the desirable medical and aerospace & defense end markets, and expanded geographic reach on the East Coast, from New York, New Jersey and Connecticut to now Florida,” stated Matthew Puglisi, Partner at CORE.
“Starting in 2000, MSK embarked on a strategic shift away from manual manufacturing processes and commoditized end markets to invest in state-of-the-art equipment and the requisite employee talent to serve the most demanding sectors,” added Andrew Laniak, CEO at MSK. “We’re proud of the transformation over the last two decades and confident that, in partnership with CORE and PrecisionX, MSK is now ready to start a new chapter in its growth story.”
“We’re delighted to have assisted the CORE team in securing another high-quality precision manufacturing company for their expanding PrecisionX platform” commented Jorge Maceyras, FOCUS Managing Director. “We look forward to watching their continued growth.”
*These testimonials may not be representative of the experience of all clients; testimonials are not a guarantee of future performance or success.
Mr. Maceyras has more than 20 years of manufacturing industry experience as an investment professional, plant engineer, and consultant in the public and private sectors. He is a founding member of the Advanced Manufacturing team at FOCUS, where his broad-based experience across manufacturing industries, including precision components, biopharmaceuticals, automotive, and enterprise hardware, provides clients unique perspective in originating, executing and closing transactions.
Prior to FOCUS, Mr. Maceyras was an investment officer and portfolio manager at the United States Department of Energy Loan Programs Office. As an investment officer, Mr. Maceyras originated, structured, and negotiated subsidized corporate debt financings on behalf of the U.S. federal government, leading multi-disciplinary deal teams of attorneys, engineers, and advisors in the due diligence and review of corporate loan candidates and has presented to interagency investment committees including the Department of Justice, U.S. Treasury, and Executive Office of the President. As a portfolio manager at DOE, Mr. Maceyras oversaw a $6.5 billion corporate loan portfolio, leading the federal government’s activities in borrower relations, loan monitoring, and risk exposure for DOE’s Ford, Nissan, and Tesla investments. Mr. Maceyras began at DOE as a contractor to the federal government through IBM Global Business Services, where he was a managing consultant.
Prior to Federal service, Mr. Maceyras was a sell-side equity research analyst at a regional middle-market investment bank and broker/dealer. Earlier in his career, Mr. Maceyras was a manufacturing engineer at Human Genome Sciences (now GSK plc [NYSE:GSK]) and RWD Technologies (now Learning Technologies Group plc [AIM:LTG]). Mr. Maceyras is an avid entrepreneur and early-stage investor and continues to work with startups in the automotive manufacturing and residential real estate industries.
He holds an M.B.A. in Finance and a Bachelor of Science in Chemical Engineering with distinction, both from the University of Maryland, College Park. Originally from Washington, D.C., he currently resides in Cincinnati, Ohio with his wife and three kids.
