MicroPrecision
MPI Holdco, LLC
Fund: VI
Investment Date: March 2019
Headquarters: Delavan, Wisconsin
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Deal Team:
MicroPrecision, based in Delavan, Wisconsin, produces precision-machined parts. Founded in 1950, the Company manufactures thousands of extremely tight tolerance, build-to-specification parts for blue chip customers in the medical (32% of sales), climate control (18%), non-auto engine (10%), automation (10%) and other (30%) industries.
Merit invested both subordinated debt and equity, in partnership with the incoming CEO and an independent sponsor, in support of the investment.
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