Consolidated Precision Products to Buy Turbine Technologies Group

By Luisa Beltran — 3 years ago

Consolidated Precision Products Corp., which is backed by Warburg Pincus, said Wednesday that it has agreed to buy Turbine Technologies Group. ESCO Corp. is the seller. Financial terms were not announced. Warburg said it plans to invest additional capital into CPP to assist in financing the deal. Pomona, Calif.-based CPP makes highly-engineered components and sub-assemblies for the commercial aerospace and defense markets. Lazard advised CPP while Goldman Sachs provided financial advice to ESCO.