News & Events

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New York - Sep. 8, 2005
First Atlantic Capital Acquires Precision Parts International
First Atlantic Capital, Ltd., a private investment firm specializing in acquiring and growing mid-size companies, today announced that it has signed a definitive agreement to acquire Precision Parts International, LLC ("PPI"), a leading designer and manufacturer of high-precision metal components and subassemblies from Morgenthaler Partners.

Automotive News - Aug. 23, 2004
Buyout group adds third automotive unit in 18 months
The purchase of Precision Gear Co. of Twinsburg, Ohio, is expected to create an auto parts maker with annual sales of at least $200 million.
The new supplier is named Precision Parts International LLC. The company combines Precision Gear and Morgenthaler Partners' previous acquisitions of MPI International Inc. of Rochester Hills, Mich. and Skill Tool & Die Corp. of Cleveland. Terms of the acquisition were not disclosed.

Craines Cleveland - Aug. 23, 2004
Morgenthaler cuts deal (Precision Gear)
Private equity firm Morgenthaler Partners said its wholly owned company, Precision Parts International, has acquired Precision Gear in Twinsburg.

Crains Detroit - Aug. 23, 2004
Precision Plan (PPI Announcement)
Precision plan. New company rolls up metal-formers into one-stop shop.

Buyouts - May. 26, 2003
Morgenthaler Snags Second Metal Assembly Co.
Morgenthaler Partners does not yet have an official name for its new high-precision metal assemblies platform. It also has neither a solidified consolidation strategy nor all of its targets identified. But none of that has slowed down the Cleveland based private equity firm, which already has bought two relevant companies and begun conversations with two other potential additions.

PrivateEquityCentral.Net - May. 22, 2003
Morgenthaler Aquires Auto Parts Co.
Cleveland, Ohio-based private equity firm Morgenthaler Partners announced today the acquisition of Skill Tool & Die Corp., a manufacturer of complex, high precision metal stampings and assemblies for the automotive and plumbing fixture industries, from investment bank of Brown, Gibbons, Lang & Co.

Forbes.com - May. 3, 2003
Morgenthaler to Buy Klockner's MPI in Mgt Buyout
Morgenthaler Partners, a $2 billion private equity firm, on Monday said it had agreed to buy MPI International, a precision auto parts manufacturer, from Germany's Klockner Werke AG through a management buyout.

PrivateEquityCentral.Net - May. 3, 2003
Morgenthaler Acquires Specialty Manufacturing Co in Management Buyout
Cleveland, Ohio -based private equity firm Morgenthaler Partners announced today it acquired fineblanked components manufacturer MPI in a spinout from Klöckner Mercator Maschinenbau GmbH, a subsidiary of Kl öckner Werke AG of Germany.