After 40+ years of providing precision hydraulic aerospace parts, with tolerances lapped in the millionths of an inch, Kevin Huffer wanted to plan his retirement and thought finding “the right” buyer for his business was like finding a needle in a haystack. He challenged BAMA to find the perfect buyer. BAMA brought him several qualified buyers and in the end, Kevin chose PMI Aerospace Group because of their commitment to quality parts, their people and the great customer relationships.
Charlotte, NC - Business Acquisition and Merger Associates ("BAMA") announces Precision Valve, a quality manufacturer of precision aerospace components, was acquired by PMI Aerospace.
Jim Baker, PMI Aerospace president and chief executive said: “Along with an excellent reputation, Precision Valve brings strong manufacturing capabilities in high precision hydraulic servo valve components and lap fit assemblies that are perfectly aligned with the group of companies at PMI Aerospace. Precision Valve's capabilities and experience in the industry further expand our presence and reach in the aerospace precision component manufacturing industry, which adds to our growing list of aerospace OEM customers and fits our long-term growth strategy at PMI Aerospace.”
“This is a great fit for the Precision Valve team. We're excited to join the PMI Aerospace family and offer expanded capabilities and services to our clients," added Kevin Huffer, President of Precision Valve.
BAMA advised Precision Valve on the transaction. Terms will not be disclosed.
Business Acquisition & Merger Associates, a Charlotte, NC advisory firm, assists business owners in growth recapitalizations, business transfers to financial or strategic buyers, and management buyouts. BAMA also helps companies grow by providing buy-side sourcing services that identify potential add-on acquisitions to expand geographic footprint or add strategic products and capabilities.
Precision Valve is a leading manufacturer of precision machined components and lap fit assemblies serving primarily the hydraulic servo valve industry. The facility is located in a modern facility in Reno, Nevada. Precision Valve specializes in the production of high pressure hydraulic servo valve sleeves, slides, spools and pistons for flight control systems on commercial and military aircraft.
PMI Aerospace Group, operating out of Rockford, IL, is a manufacturing leader in the aerospace industry. They provide precision machined component parts and assemblies. Their capabilities include 3-, 4- and 5-axis CNC machining, sophisticated CNC turning and high-precision grinding, honing and lapping. The Company is AS9100 and ISO9001 certified and ITAR registered.