Premier Precision Group, a Minneapolis-based contract manufacturer of fabricated and complex precision machined components, has acquired the assets of Phoenix-based Aimco Precision Inc. No financial terms were disclosed. PPG is a portfolio company of Spell Capital Partners.
Premier Precision Group, headquartered in Minneapolis, MN has purchased the assets of Aimco Precision, Inc. in Phoenix, Arizona. Aimco Precision specializes in precision machining of small to medium sized, complex aerospace products, including; airframe, systems, and engine components. Since its beginnings in 1977, Aimco Precision, Inc. has provided precision machining services to many of the leading aerospace companies throughout the U.S. Aimco Precision’s capabilities and customer relationships continue the mission of the Premier Precision Group to deliver a more comprehensive offering while diversifying our business portfolio via new customers and product platforms. This will be the fourth acquisition for the Premier Precision Group in the Phoenix area (previous include Stewart Manufacturing, Jet Machining, and Jet Processing), and demonstrates our desire to leverage this geographic footprint in support of our customers in the region. Maxine Jones, in addition to other key employees of Aimco Precision, Inc., will remain actively involved with Aimco Precision and with the Premier Precision Group team going forward.