Photo: Owens Machine and Tool Company
Precision Aerospace Holdings, a Dallas-based manufacturer of precision machined aerospace and defense components, has acquired Lewisville-based Owens Machine and Tool Co., a move that marks Precision’s second acquisition in Texas in less than 10 months. Aluminum Machining Service
Precision was formed via the partnership of two Dallas-based private investment firms, CIC Partners and Juniper Capital Management.
“We’re thrilled to add Owens to Precision’s growing platform,” Precision CEO Pete Stegmaier said in a statement. “The Owens team has deep experience that expands our broad capabilities to provide world-class service to aerospace and defense industries. We expect to continue their exciting growth trajectory.”
Terms of the deal were not disclosed.
Owens produces complex, multifaceted parts, tooling, and prototypes utilizing multi-axis machine tools and best-in-class cutting tools, Precision said. Owens was established in 1986 to develop and sell complex machine components, primarily to the aerospace and defense industries and is located in Lewisville. Owens specializes in CNC machining of titanium and nickel alloys.
In June, Precision acquired Decatur Machine Services in the Wise County city of Decatur.
Precision said the acquisitions build on the success of the previous two acquisitions of Applegate EDM LLC and Icon Machine Co. in 2022. Precision now owns four companies in the Dallas-Fort Worth area with a total of 110 employees.
All businesses are AS9100 and ITAR certified.
“We’ve built an impressive platform in North Texas centered on operational excellence and a commitment to best-in-class customer performance marks,” Bayard Friedman, Precision board chairman and managing director with CIC Partners, said in a statement. “These fundamental attributes will allow us to continue to scale the Precision platform and be a key supplier to a growing list of major defense programs.”
Precision said it will continue to aggressively target investment opportunities in North Texas and surrounding states.
“We’re extremely proud of the operating companies we have assembled under the Precision platform,” Bryan Grabowsky, co-founder and managing partner at Juniper, said in a statement. “The enhanced capabilities and product offerings as well as the strong operational leadership we have added with Owens will be instrumental as we continue to build on opportunities to be a value-added supplier to leading defense and aerospace companies.”
Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.
One quick signup, and you’re done.
The researchers developed a novel model called ANI-1xnr that's suitable for a broad range of reactive chemistry without costly refitting—a major drawback of the MLIPs currently in use, SMU said.
Save the Elephants will deploy a small fleet of drones equipped with high resolution and infrared cameras to capture elephant behavioral data, which will then be processed by Colossal’s machine learning core to develop algorithms that will label elephants and automatically identify individual and collective social behavior.
UT Arlington principal investigator Dr. Suvra Pal said that previous studies modeling the probability of a cancer cure—also called the cure rate—"used a generalized linear model." The new statistical modeling method published by Pal and his student is said to be 30% more effective in predicting who will be cured of cancer and who will need further treatment.
How much will that highway project cost? Soil diversity, supply chain delays, climate differences, material and labor costs, and many other things can factor into the budget. A UT Arlington researcher aims to help solve the puzzle with a new price estimation and visualization tool.
UTA researcher Mohsen Shahandashti, an associate professor in the Department of Civil Engineering, is building a price estimation and visualization tool for the Texas Department of Transportation through a $200,000 U.S. DOT grant.
At the 2024 Capital One Reimagine Communities Summit, nonprofit leaders gathered to explore transformative strategies for unlocking access to opportunities, fostering deep partnerships and leading with heart—setting the stage for a new era of community impact and innovation....
North Texas is a big place, with plenty to do, see, hear, and watch. So, we scour the internet every week to find events and activities for you. As always, things may change at any time, so be sure to check the official website or registration page for the latest details....
Texas grocery giant H-E-B has opened its first North Texas Joe V’s Smart Shop by H-E-B at 4101 W. Wheatland Road in Dallas, the first location to open outside the Houston area....
Irving-based Summit Off Duty Services, a provider of off-duty police officer security, has been acquired by Connecticut-based Security Services Holdings LLC (Protos Security), a tech-enabled vendor managed security services provider in North America, Southfield Capital announced....
Dallas-based investment proptech platform Nada has appointed current board member Tore Steen as its new CEO and president. Nada also announced that it has secured new funding in a seed extension led by repeat investors LiveOak Ventures and 7BC Capital....
At the 2024 Capital One Reimagine Communities Summit, nonprofit leaders gathered to explore transformative strategies for unlocking access to opportunities, fostering deep partnerships and leading with heart—setting the stage for a new era of community impact and innovation....
North Texas is a big place, with plenty to do, see, hear, and watch. So, we scour the internet every week to find events and activities for you. As always, things may change at any time, so be sure to check the official website or registration page for the latest details....
Texas grocery giant H-E-B has opened its first North Texas Joe V’s Smart Shop by H-E-B at 4101 W. Wheatland Road in Dallas, the first location to open outside the Houston area....
Irving-based Summit Off Duty Services, a provider of off-duty police officer security, has been acquired by Connecticut-based Security Services Holdings LLC (Protos Security), a tech-enabled vendor managed security services provider in North America, Southfield Capital announced....
Dallas-based investment proptech platform Nada has appointed current board member Tore Steen as its new CEO and president. Nada also announced that it has secured new funding in a seed extension led by repeat investors LiveOak Ventures and 7BC Capital....
A collaboration of the Dallas Regional Chamber and Dallas Next, Dallas Innovates is an online news platform covering what's new + next in Dallas - Fort Worth innovation.
Aerospace Cnc Machined Parts © Copyright 2024 | All rights reserved.