Precise Machining & Manufacturing

Precise Machining & Manufacturing is a specialized provider of precision engineering and high-quality fabrication services, focusing on custom-engineered components for various industries. Founded in 1974 and headquartered in Tulsa, US, Precise Machining & Manufacturing specializes in precision engineering. The company was acquired by Accurus Aerospace Corporation in November 2013, which is a portfolio company of Liberty Hall Capital Partners. The deal included participation from Hamilton Lane and other investors, with financial terms undisclosed.

Notable leaders include CEOs Jacob Chetrit, Robert Kirkpatrick, and Terry Tinney. Precise Machining & Manufacturing offers advanced manufacturing solutions that include custom-engineered components tailored for the aerospace, automotive, and industrial sectors. The company serves a diverse client base, including major OEMs and Tier 1 suppliers, primarily in North America and select markets in Europe and Asia, focusing on durability, efficiency, and performance in demanding applications. The revenue model of Precise Machining & Manufacturing is centered around B2B transactions with clients through direct partnerships and contractual agreements.

The company provides custom-engineered components under long-term contracts. Pricing is based on product specifications and complexity, with flagship offerings commanding premium pricing due to their unique engineering features. Revenue is generated primarily through these agreements, ensuring strong client relationships and repeat business. Looking ahead, Precise Machining & Manufacturing aims to expand its product offerings and enhance its market presence.

The company plans to design and launch new products in the coming years, with a focus on meeting evolving client needs. Additionally, it is targeting expansion into new geographic regions, particularly in Europe and Asia, by 2025. The funds from the acquisition in November 2013 are expected to support these growth initiatives, facilitating the development of innovative solutions and reinforcing its market capabilities.