FOCUS Investment Banking Represents CORE Industrial Partners in its Acquisition of National Manufacturing Co, Inc.
FOCUS Investment Banking Represents CORE Industrial Partners in its Acquisition of National Manufacturing Co, Inc.
CORE previously acquired GEM Manufacturing, a manufacturer of precision deep drawn metal components, in February 2023, and Coining MFG, a specialist in progressive metal stamping, wire EDM and Swiss screw machining of high performance nickel alloys, in June 2023, to form PrecisionX.
Founded in 1944, National offers precision deep and shallow drawn enclosures and metal components, high-speed CNC milling and turning, and wire EDM and sinker capabilities as well as numerous value-added finishing operations, including plating, anodizing, painting, powder coating, welding, and riveting. With in-house tooling design and fabrication capabilities and an expansive library of tools, the Company specializes in working with custom complex shapes, sharp corners, and exotic and difficult-to-draw materials, including Inconel, Hastelloy, Kovar, Monel, titanium, nickel, tantalum, ferrous & non-ferrous. Further, National’s ability to collaborate with customer engineering teams during the design phase can help expedite the process of bringing new products to market and ensure leading product quality in terms of both performance and aesthetics.
Serving a variety of end markets, including aerospace & defense, electronics and industrials, National offers especially deep experience in the medical end market across various implantable devices, including pacemakers, neuromodulation devices, defibrillators, batteries and capacitors. National is headquartered in Piscataway, New Jersey, and operates in a 90,000 square foot facility with more than 150 machines.
“We believe National is well-positioned at the forefront of the deep and shallow drawn specialty stamping space following decades of providing differentiated technical capabilities and outstanding customer service,” commented Matthew Puglisi, Partner at CORE. “We will continue to work to expand our presence in high-growth, technically demanding end markets, including medical and aerospace & defense, through execution of both organic and inorganic growth initiatives.”
“It was a privilege to work with CORE once again in building building what we believe to be a world-class precision manufacturing,” added Jorge Maceyras, FOCUS Managing Director. “We look forward to seeing PrecisionX, and its committed and talented management teams, thrive in partnership with the highly experienced investors and operators at CORE.”
*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.
