O2 Investment Partners and Alpha Sintered Metals announced today their investment in Precision Compacted Components headquartered in Wilcox, Pennsylvania. This is the second investment by ASM this year, following the acquisition of Precision Made Products in May, 2016. Alpha Sintered Metals, Precision Compacted Components, and Precision Made Products will remain individual entities, but together form Alpha Precision Group. The founders of PCC remain equity investors through their investment in APG. PCC’s current leadership team will continue with their managerial and operational responsibilities.
Established in 1994, PCC is a leading producer of sintered metal products, used primarily in automotive Variable Valve Timing (VVT) and Variable Cam Timing (VCT) systems. With operations in Wilcox and St. Marys, Pennsylvania, PCC has a strong history of growth, achieved by producing exceptional solutions for customers using state-of-the-art equipment and technology.
JoAnne Ryan, CEO of Alpha Precision Group, commented, “PCC is a highly regarded supplier in the VVT/VCT market segment. Alpha Sintered Metals is primarily focused on providing products that are consistent with reducing emissions, improving fuel economy, and enhancing engine performance, thus making PCC an ideal strategic fit. We are thrilled to add PCC and their VVT/VCT technology and expertise to the APG portfolio and look forward to expanded participation in this high-growth segment.”
Hugh Dornisch, co-founder and CEO of PCC, commented, “We found an excellent partner with ASM, and believe that their expertise in high-temperature sintering coupled with extensive precision-machining and expanded material offerings, are highly complementary to our business. The combination will create exciting opportunities for the future.”
Jay Hansen, Managing Partner of O2 Investment Partners, added, “The PCC management team is highly respected within the industry and has worked closely with the Alpha management team in the past. We are very excited about the opportunities for growth created by bringing these three APG businesses together. In this case, one plus one plus one truly equals five for this family of businesses.”
About O2 Investment Partners:
O2 Investment Partners is a Midwestern based private equity firm that seeks to acquire a majority interest in lower middle market manufacturing, niche distribution, and select service and technology businesses. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value.
O2 invests equity on behalf of its principals as well as a core network of other limited partners and strategic investors. The firm invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management.
About Alpha Sintered Metals
Alpha Sintered Metals, Inc. is a premier manufacturer of high-precision powder metal components for the automotive, small engine, recreational vehicle, commercial vehicle, and agricultural equipment industries. ASM has been a pioneer in advancing the powdered metal industry through innovative material and process development. With its sophisticated in-house design capability, proprietary alloy metal development ability, and its molding, sintering, and machining operations, ASM is able to offer customers customized solutions to meet the most demanding of manufacturing requirements.
About Precision Compacted Components
Precision Compacted Components is a leading producer of sintered metal products used primarily for the automotive Variable Valve Timing (VVT) and Variable Cam Timing (VCT) systems. PCC has a strong history of growth through a continuous focus on customer satisfaction and operational excellence.
About Precision Made Products
Precision Made Products is a metal injection molding and CNC machining company servicing the medical, aerospace, and firearms markets. PMP’s unique manufacturing process produces parts with superior performance characteristics which are used in a wide variety of products.
