Bison Capital and Angeles Equity acquire manufacturer Precision Surfacing Solutions

Other backers in the deal include Churchill Asset Management, General Electric Pension Trust, AIG, SSM Health, and Franklin Park.

  • PSS is headquartered in Mt. Prospect, Illinois
  • Bison Capital invests in middle-market companies
  • Angeles Equity Partners backs lower middle-market industrial businesses

Bison Capital Partners and Angeles Equity Partners have acquired Precision Surfacing Solutions, a maker of specialized precision machinery for lapping, grinding, cutting, and polishing substrates. No financial terms were disclosed.

In addition to Bison Capital and Angeles, the institutional investor group supporting PSS includes Churchill Asset Management (a Nuveen affiliate), General Electric Pension Trust, AIG, SSM Health, and Franklin Park.

“Bison Capital is excited to be investing in PSS alongside Angeles and Brian Nelson, an industry veteran who grew PSS over 20+ years,” said Doug Trussler and Kurt Pilecki, managing partners at Bison Capital, in a statement. “The semiconductor, photovoltaic, and electric vehicle end markets are growing in importance globally. We believe companies with leading technological capabilities like PSS will be well-positioned to benefit from macroeconomic tailwinds in demand for electronics and sectoral shifts toward clean/renewable energy sources.”

PSS is headquartered in Mt. Prospect, Illinois.

Bison Capital invests in middle-market companies.

Angeles Equity Partners backs lower middle-market industrial businesses.