CORE Industrial Partners (“CORE”), a manufacturing, industrial technology, industrial services, and consumer products-focused private equity firm, announced today the acquisition of MSK Precision Products, Inc. (“MSK” or the “Company”), a provider of precision machining and assembly services with an expertise in Swiss machining, by CORE portfolio company PrecisionX Group (“PrecisionX”).

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 (February 2023), Coining (June 2023), National Manufacturing (May 2024), Ditron (August 2024) and 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. With design services, short-run prototyping capabilities and dedicated engineering resources, MSK partners with customers from initial product concept through development to long-run production.

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, holds ISO 13485, AS 9100, and ISO 9001 certifications and is FDA registered.

Matthew Puglisi, Partner at CORE, said, “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.”

Rock Lambert, Operating Partner at CORE, said, “We believe MSK’s demonstrated strength in working with customers to develop and introduce new products is a key differentiator. These capabilities, along with the resources and support we plan to provide, should prove beneficial in supporting our desire to rapidly grow both MSK and the broader PrecisionX platform.”

Andrew Laniak, President at Brinkman International Group, said, “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. 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.”

ABOUT CORE INDUSTRIAL PARTNERS:

CORE is an industrials-focused private equity firm with more than $1.58 billion in total limited partner capital commitments across four funds investing in North American lower middle-market manufacturing, industrial technology, industrial services, and consumer products businesses. With offices located in Chicago, Austin and Cleveland, CORE’s team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a demonstrated track record of building market-leading businesses. Through our capital, insight, and operational expertise, CORE partners with families, entrepreneurs and management teams and strives to build best-in-class companies. For more information, visit www.coreipfund.com.

ABOUT PRECISIONX GROUP:

PrecisionX Group provides precision metal components for critical-use applications in growth-oriented end markets, including aerospace & defense, medical devices, satellite and space, electric vehicles, mining, semiconductors, and other industrial markets. Headquartered in Waterbury, Connecticut, PrecisionX utilizes deep draw and progressive stamping, as well as Swiss screw, CNC, and wire EDM machining technologies to manufacture high-precision components from prototyping through high-volume production. For more information, visit www.precisionxmfg.com.

ABOUT MSK PRECISION PRODUCTS:

MSK Precision Products, Inc. provides precision machining and assembly services with an expertise in Swiss machining. The Company also offers multi-axis CNC grinding, CNC milling, CNC turning, laser welding, laser marking, passivation and bending to serve customers in primarily the medical, aerospace & defense and telecommunications end markets. Headquartered in Tamarac, Florida, the Company holds ISO 13485, AS 9100, and ISO 9001 certifications and is FDA registered. For more information, visit www.mskprecision.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240827905825/en/