The acquisition is said to further expand Prince’s capabilities for serving the aerospace and defense sector.
CHICAGO—Precision machining and sheet metal fabrication company Prince Industries reported that it acquired Keystone Precision & Engineering. The transaction will expand Prince’s capabilities and further its market reach into aerospace, defense, and medical end-markets, the company said in a release.
Prince Industries, a portfolio company of HC Private Investments (HCPI), focuses on the industrial, aerospace, and medical end-markets. The company said it provides its customers with services ranging from engineering and product design to material selection, process mapping, welding, powder coating, and assembly.
“The acquisition of Keystone further enhances our production capabilities, bolsters our East Coast presence, and expands our market penetration in the defense and medical markets,” said Prince Industries Chief Executive Officer Mark Miller, in the release. “Keystone’s expertise in producing complex, critical parts, combined with their commitment to quality and reliability, aligns well with the Prince model.”
Keystone Precision & Engineering, based in Pepperell, Massachusetts, collaborates with its defense and medical customers from product design through assembly. This collaborative approach is said to ensure the delivery of high-quality, reliable components for essential end-products.
“Since 2007, we have dedicated ourselves to providing our customers with the highest quality workmanship, meticulous attention to detail, and reliable on-time delivery,” stated Anthony Serino and Rob Stanieich, Keystone’s owners, in the release. “We look forward to partnering with Prince for the next chapter of growth for the business.” Stanieich will remain with the business, joining Prince as vice president of engineering, the release stated.
HC Private Investments is a private equity investment firm focused on investing in manufacturing businesses within the consumer and industrial markets.