PRECISION HOLDINGS LLC ANNOUNCES “MIDSTATE PHOENIX”
Precision Holdings LLC, a portfolio company of Insight Equity (Southlake TX) is excited to announce the acquisition of the Phoenix based operating unit from Barnes Aerospace. The “Midstate Phoenix” addition to the enterprise expands its offerings and represents the company’s new Aerospace Small Parts (ASP) Center of Excellence.
“This 48,000 Sq Ft facility in Phoenix AZ has a history supporting Honeywell Aerospace, a key strategic growth customer. Our initial focus includes providing critical components on the HTF7000 engine platform. This diversification into the commercial business / regional jet market complements our existing businesses in Ohio and Maine. As we fully integrate the division, we expect to offer ASP capabilities and capacities to meet the needs of our other major aerospace customers.” says Joe DeMartino, CEO of Precision Holdings LLC.