Spell Capital Partners is pleased to announce that the Spell Family Office has completed the sale of Precision Production to a management-led ownership group.
Headquartered in Strongsville, Ohio, Precision Production is a niche manufacturer of Swiss screw machined products. The Spell Family Office acquired Precision Production in 2019 and partnered with management to support the company’s continued growth and operational development. During our ownership, Precision Production strengthened its market position, expanded customer relationships, and enhanced its manufacturing capabilities to better serve existing and new customers.
“We are grateful for the opportunity to have partnered with the team at Precision Production,” said Harry Spell, President of Spell Capital Partners. “The company has built a strong reputation for quality, service, and manufacturing excellence, and we are confident that Precision Production is well positioned for continued growth and success.”
For more information regarding this transaction, please contact Harry Spell, President, at harry@spellcapital.com.
Spell Capital is actively seeking new platform and add-on acquisition opportunities in industrial manufacturing businesses and has significant experience in packaging, plastics, capital equipment, and niche industrial parts and components. Referrals can be directed to Harry Spell at harry@spellcapital.com.