Boston, MA, September 05, 2024 –Versailles Group, Ltd. is pleased to announce that PrecisionX Group (“PrecisionX”) has successfully acquired MSK Precision Products, Inc. (“MSK”), a precision parts manufacturer, from Brinkman International Group, Inc. (“BIG”). Versailles Group, a leading middle-market investment bank, acted as the exclusive financial advisor to Brinkman International Group.
MSK Precision Products, Inc., located in Tamarac, Florida, was established in 1979 and was one of Brinkman International Group’s six subsidiaries. MSK produces both individual components and complete finished assemblies with expertise in Swiss-style CNC turning, multi-axis CNC grinding, CNC milling, CNC turning, laser welding, laser marking, passivation, and bending. MSK began to focus on higher-value-added markets, particularly within the medical, aerospace, defense, and deep-sea interconnect sectors after Brinkman International Group acquired them in July 2000.
Over the past 24 years, MSK has been a valuable asset for Brinkman International Group. However, as BIG continues to evolve, MSK no longer strategically aligns with their future goals and vision. Therefore, the sale of MSK aligns with the strategic objectives of all parties involved, as MSK is expected to enhance PrecisionX’s growth potential and allow Brinkman International Group to realign its portfolio with its long-term objectives.
PrecisionX Group is a portfolio company of CORE Industrial Partners and was formed in 2023 to provide specialty precision metal manufacturing capabilities for critical-use applications in growth-oriented end markets. PrecisionX has acquired several manufacturing companies since it was formed and now covers more than 275,000 square feet of manufacturing space with approximately 500 employees across seven facilities. PrecisionX Group has the capabilities to provide MSK Precision Products, Inc. with the resources, support, and strategic direction needed to expand its capabilities and reach new markets.
“MSK is known for providing cost-effective, domestic machining and manufacturing solutions,” commented Don Grava, the founder and president of Versailles Group. “This addition to the PrecisionX Group is highly strategic, as they stand to benefit from the rising interest in reshoring and strong growth in the manufacturing industry.”
Versailles Group is a Boston-based investment bank with 37 years of experience, specializing in international mergers, acquisitions, and divestitures, with an established global presence encompassing the U.S., Europe, Canada, Asia, and South America. The company has consistently demonstrated a robust track record of delivering successful outcomes for its clientele.