ARCH Global Precision LLC, a portfolio company of Strength Capital Partners, acquired Advanced Precision Inc, a medical device maker based in Sparta, New Jersey. ARCH makes precision machined components and cutting tools. Sperry, Mitchell & Company, Inc initiated the transaction and served as exclusive financial advisor to Advanced Precision.
New York, NY (March 9, 2016) – Advanced Precision Inc. (“Advanced Precision” or the “Company”) of Sparta, NJ has been acquired by ARCH Global Precision LLC of Livonia, MI, a portfolio company of Strength Capital Partners. Sperry, Mitchell & Company, Inc. initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to Advanced Precision.
Advanced Precision Inc. (www.advancedprecision.com) is a leading high-precision contract manufacturer of medical instruments, devices, and implants for the orthopedic market. The Company fulfills prototype and low-volume short-run orders of specialty medical devices requiring extremely tight tolerances, and provides a wide range of design, development, and precision manufacturing services, including EDM, CNC milling, CNC turning, grinding, welding, cutting, rapid prototyping, assembly, and finishing.
ARCH Global Precision LLC (www.archglobalprecision.com) is a leading manufacturer of precision machined components and industrial cutting tools and instruments.
Strength Capital Partners (www.strengthcapital.com) is a Birmingham, Michigan-based private equity firm that invests in businesses with $4 million to $20 million in EBITDA, with a primary focus on platform companies in the Central United States.
Sperry, Mitchell & Company, Inc. (www.sperrymitchell.com) is an investment banking firm specializing in middle-market merger and acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $10 to $500 million.