BRUNSWICK, OH–(Marketwired – June 16, 2016) – O2 Investment Partners announced today that its portfolio company Alpha Sintered Metals (www.alphasintered.com) has acquired Precision Made Products (“PMP”), headquartered in Brunswick, Ohio. The Alpha Sintered Metals management team is excited to partner with PMP founder and CEO, Majid Daneshvar, and the PMP team to leverage their proprietary technology and deep expertise in metal injection molding (“MIM”). Terms of the deal were not disclosed.
Founded in 2002, PMP is a state of the art MIM business with CNC machining capability serving the medical, aerospace, and firearms markets. Due to certain proprietary elements of its MIM manufacturing process, PMP has significantly shortened the de-binding and sintering cycles which creates advantageous product characteristics including low shrinkage rates, better shape stability, and very tight tolerances.
Majid Daneshvar, founder and CEO of PMP commented, “I was seeking a strategic partner that could help us take PMP to the next level. Alpha’s experience in powder metal manufacturing coupled with our MIM technology will create exciting opportunities for the future.”
JoAnne Ryan, CEO of Alpha Sintered Metals agreed, noting “Partnering with PMP will allow us to expand our capabilities, enhance our market position, and enter new markets. MIM is an important part of our growth strategy and we are very excited to be partnering with Majid and the PMP team.”
Jay Hansen, Managing Partner of O2 Investment Partners, added, “Majid and his team are well respected within the industry and we are excited to work with them going forward. PMP’s continuous innovation made it an excellent fit for the Alpha platform and our long-term strategic plan. “
About O2 Investment Partners:
O2 Investment Partners is a Midwestern based private equity firm that seeks to acquire a majority interest in lower middle market manufacturing, niche distribution, and select service and technology businesses. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value.
O2 invests equity on behalf of its principals as well as a core network of other limited partners and strategic investors. The firm invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management.
About Alpha Sintered Metals
Alpha Sintered Metals, LLC is a global manufacturer of high-precision powder metal components and assemblies for the automotive, small engine, recreational vehicle, commercial vehicle and agricultural equipment industries. With specialties in high density stainless steels and steel alloys, Alpha has a rich heritage in providing a diverse Customer base with innovative material and process solutions for the most demanding applications.
About Precision Made Products
Precision Made Products is a state of the art MIM business with CNC machining capability serving the medical, aerospace, and firearms markets. PMP’s unique manufacturing process produces parts with superior performance characteristics which are used in a wide variety of products.
Additional information is available at www.o2investment.com; www.alphasintered.com; www.pmp-tech.com