On October 14, 2024, Centerbridge Partners, L.P. announced its agreement to acquire Precinmac LP, a precision component manufacturer serving aerospace, defense, space, and semiconductor sectors. Precinmac operates nine facilities across the U.S. and Canada.

The deal closed on December 2, 2024. Under prior ownership by Bain Capital’s Private Credit Group, Pine Island Capital Partners, and Compass Partners since 2020, Precinmac expanded its capabilities and strategic position in key markets.

The transaction aims to support continued growth and capability expansion. Goldman Sachs advised Precinmac, with Weil, Gotshal & Manges LLP as legal counsel. Centerbridge was advised by Evercore and represented by Kirkland & Ellis LLP and Osler, Hoskin & Harcourt LLP. The Osler team included Neal Ross, Brad Lastman, Josh Mamdani, and others. Financial terms were not disclosed.