Radial Equity Acquires Thomas Precision Machining

Radial Equity Partners has acquired Thomas Precision Machining (TPM), a provider of replacement parts, service and equipment used in the protein and food processing industries.

TPM’s machining, fabrication, and service capabilities support equipment used in grinding, separation, conveying and other processing steps used in meat processing lines, food preparation systems and other industrial production environments. Specific products of TPM include augers, shafts, rotors and custom-machined parts, and its services include refurbishment, repair and field maintenance for installed equipment.

TPM was founded in 1981 by Thomas Nyara and is headquartered northeast of Minneapolis in Rice Lake, Wisconsin, with additional facilities in Louisiana and Georgia.

“Over the past four decades, TPM has built its name on a commitment to quality, reliability and doing right by our customers,” said Kevin Nyara, outgoing CEO and owner of TPM. “I am proud of the team we have built and the trust our customers place in us every day. Partnering with Radial will provide the resources and strategic support to continue investing in our people and capabilities while preserving the values that have defined TPM for more than 40 years.”

With the close of the acquisition, Tom Goeke, former CEO of Milacron and of Klöckner Pentaplast, will serve as chairman of TPM. “TPM is a business with a strong culture, deep customer relationships and differentiated technical capabilities,” said Mr. Goeke. “We see a meaningful opportunity to build on this foundation as TPM enters its next phase of growth.”

“TPM’s long history of growth is a reflection of the skill and dedication of its team,” said Joel Haney, a partner at Radial. “The company’s many experienced employees are critical to delivering dependable quality and service to TPM’s customers. We are excited to partner with the TPM team to support continued investment in the people and processes that have made the company a trusted partner to its customers.”

Radial Equity Partners is headquartered in New York City and was founded in 2020. The firm invests from $25 million to $200 million of equity in North America-based businesses with $5 million to $50 million of EBITDA. Radial focuses on manufacturing, value-added distribution and services, with specific sector interest in packaging, industrial technology, vehicle aftermarket, building products and materials, environmental, chemicals, medical supplies, and aerospace and defense.

Origin Merchant Partners was the financial advisor to TPM, and Stout was the financial advisor to Radial Equity Partners.