On December 31, 2021, The PMT Group’s Ring Precision and Dieco businesses were acquired by Culper Capital Partners and combined with New Vision Industries to form The Producto Group.
Kroll Corporate Finance’s M&A Aerospace Defense and Government Services department acted as exclusive financial advisor to The PMT Group in connection with the transaction.
About Ring Precision and Dieco
Founded in 1945, Ring Precision is a leading manufacturer of high precision tools requiring tight tolerances, complex shapes, special hardness and intricate machining for end markets and applications involving high volume products, consumables and reviews. Ring Precision primarily serves segments of the defense, medical, and consumer packaging end markets that generate large, recurring orders with long production runs. Dieco is a leading distributor of custom springs, die springs, accessories, die sets and other components.
About the PMT Group
The PMT Group owns and operates Moore Tool and Moore Nanotechnology Systems. Moore Tool offers a full line of CNC grinding machines and precision contract manufacturing services and is vertically integrated with Moore Nanotechnology Systems. Moore Nanotechnology Systems is a world leader in the design, development and manufacture of ultra-precision machine tools and associated processes for the production of advanced optical components in the consumer electronics, space, defence, aerospace, lighting, medical and automotive. Withers Bergman LLP served as legal counsel to the PMT Group.
About Culper Capital Partners
Culper Capital Partners is a private investment firm that invests both debt and equity in middle market companies seeking true partnership solutions. Culper isn’t interested in just putting the money to work. Culper seeks to revolutionize the meaning of private equity by working with our trusted portfolio companies to create value for their customers, employees, community and shareholders. Winston & Strawn LLP served as legal counsel to Culper Capital Partners.