X Marks the Spot: Windjammer Acquires PrecisionX

Windjammer Capital has acquired PrecisionX Group, a maker of high-precision metal components, from CORE Industrial Partners. This acquisition is the firm’s fourth investment from its $1.3 billion sixth fund.

PrecisionX’s metal components include deep-drawn enclosures for satellite communication systems, progressive-stamped parts for medical devices, and CNC-machined components for aerospace engines, serving aerospace manufacturers, medical device companies, and satellite technology firms.

CORE formed PrecisionX to consolidate its investments in GEM Manufacturing (February 2023), Coining Manufacturing (June 2023), National Manufacturing (May 2024), Ditron (August 2024), MSK Precision Products (August 2024), and Hudson Technologies (July 2025).Today, PrecisionX’s capabilities include deep and shallow drawn and progressive stamping processes, alongside Swiss screw machining, CNC machining, and wire EDM, a process that uses electrical discharges to cut conductive materials with high accuracy. The company provides both prototyping and high-volume production services to OEMs and Tier 1 suppliers in the aerospace and defense, medical device, and satellite and space sectors.

Waterbury, Connecticut-headquartered PrecisionX, led by CEO Chris Huntington, has more than 650 employees and approximately 400,000 square feet of manufacturing space across seven U.S. facilities.

“Windjammer has a proven track record of working together with management to build strategic value in the companies they acquire,” said Mr. Huntington. “We look forward to our new partnership and are confident in our ability to further strengthen our position as a scaled provider of critical-use highly engineered precision components.”

“PrecisionX represents an attractive growth platform, centered on a differentiated value proposition, with multiple organic and inorganic avenues for expansion,” said Craig Majernik, a managing director at Windjammer. “Our experience investing in niche manufacturers and regulated markets – where quality, high reliability and cost of failure are paramount considerations – provides an opportunity to draw on relevant resources to both inform the growth strategy and support the team in executing the plan.”

Windjammer invests equity and subordinated debt as a control investor in middle-market businesses in the U.S. or Canada that have EBITDA from $8 million to $50 million. Sectors of interest include niche manufacturing, business services, and value-added distribution. The firm’s investment size ranges from $50 million to $200 million per transaction.

“We believe the successful exit of PrecisionX Group after a three-year hold period is another validation of CORE’s thesis-driven approach in the industrial sector and further demonstrates the firm’s ability to be a strong partner for families and entrepreneurs seeking a firm capable of growing a business through strategic focus and operational support,” said John May, the managing partner of CORE. “We also believe the company is well positioned to continue its track record of growth, and we wish the PrecisionX team the best going forward with their new financial partner.”

Chicago-headquartered CORE Industrial Partners makes control equity investments of up to $100 million in North America-based companies with revenues of up to $200 million and EBITDA of up to $20 million. Sectors of interest include a range of specialty verticals within the manufacturing and industrial technology sectors.

In February 2024, CORE announced the above-target closings of two new funds with a combined $887 million of capital. The two funds are CORE Industrial Partners Fund III LP with $685 million of capital, and CORE Industrial Services Fund I LP with $202 million of capital.

Stifel was the financial advisor to Windjammer on the buy of PrecisionX, and Baird and Houlihan Lokey were the financial advisors to PrecisionX and CORE Industrial Partners.