Mazzone advises Precision Machining Group, a Trivest Partners portfolio company, on its sale to The Boler Company
April 2023 Mazzone & Associates (“Mazzone”) is pleased to announce that it acted as exclusive financial advisor to Precision Machining Group Corporation (“PMG” or the “Company”), a portfolio company of Trivest Partners (“Trivest”), with respect to the sale of PMG to The Boler Company (“Boler”).
PMG is a leading manufacturer of diversified CNC precision machined components for blue-chip customers across the U.S. With over 200 employees, the Company manufactures mission-critical components for OEM’s and Tier 1 suppliers in the fluid power, material handling, agriculture, industrial, oil & gas, and aerospace verticals.
“Boler represents an ideal partner for PMG’s future,” said Alex Vogl, CEO of PMG. “Boler brings industry expertise and a long-term investment strategy to bear that will aid PMG in continuing its growth trajectory, while remaining committed to ‘Get Every Part Right.’ The Mazzone team was a pleasure to work with and expertly guided us throughout the entire process, achieving a great outcome for everyone involved.”
Trivest acquired PMG in 2014, and during the investment period, PMG completed multiple add-on acquisitions and drove significant organic growth. Todd Jerles, Partner at Trivest, reflected, “Mazzone served as a trusted advisor throughout the transaction preparation and sales process. Their advice, hard work, and dedication proved highly valuable in achieving a successful outcome.”
Dustin Ramsey, Director at Mazzone, noted, “It was a pleasure working with the PMG and Trivest teams on this transaction. Together, they built a truly differentiated company, and PMG is poised for continued success with Boler.”
About Precision Machining Group
Precision Machining Group was created in 2014 with the goal of acquiring CNC precision machining businesses considered market leaders in their respective industries. PMG leverages its three U.S.-based, ISO-certified manufacturing plants, as well as a global network of manufacturing partners, to offer its customers domestic, nearshore, and offshore solutions. Its long-term customer base consists of a diversified group of Tier 1 suppliers and OEMs that rely on PMG to supply mission critical components. PMG’s components are utilized in numerous end market applications, including fluid power, agriculture, material handling, mobility, general industrial, oil & gas, construction, and aerospace. For more information, please visit www.pmgcorp.com.
About Trivest Partners
Founded in 1981, Trivest Partners is the oldest private equity firm in the Southeast U.S. and focuses exclusively on founder and family-owned businesses. Trivest is headquartered in Miami, Florida with regional offices in Charlotte, Chicago, Los Angeles, New York, and Toronto. For more information, please visit www.trivest.com.
About The Boler Company
The Boler Company, founded in 1976, is a family enterprise with operations across the globe in manufacturing, real estate, and other holdings. The company’s global headquarters is in Schaumburg, Illinois. The Boler Company acquired its first business, Hendrickson International, in 1978, which has since experienced substantial global growth. Today, the company has facilities all over the world and is a major supplier to every North American heavy-duty truck and trailer OEM, as well as to most manufacturers in Europe, Australia, South America, and Asia.