Precinmac to acquire Petersen Inc.

Precinmac announced that it has acquired Petersen Inc., an award winning provider of high-quality industrial products and services. The addition expands Precinmac's capabilities and product offerings to better serve the aerospace and defense, semiconductor, power generation/energy, medical, and general industrial sectors.

Founded in 1961 with locations in Ogden, Utah, and Pocatello, Idaho, Petersen Inc. serves the aerospace, defense, entertainment, industrial, mining, nuclear, and petrochemical industries with a diversified range of specialized fabrication, precision machining and advanced manufacturing services. Over time, Petersen Inc. has grown to provide warehouse/distribution (3PL), field installations, and design engineering services.

"We are excited to continue our expansion by adding another best-in-class large format business which expertly serves the needs of the market," said Eric Wisnefsky, CEO of Precinmac. "This business is complimentary to the recent acquisition of Major Tool and Machine which was added to our portfolio in September of 2021."

With its eight divisions- Maine Machine Products Company, Hoppe Technologies, Trimaster Manufacturing, HPG, Viper Northwest, Shields Manufacturing, Major Tool and Machine, and now Petersen Inc., Precinmac specialises in precision milling and turning, multi-axis machining, grinding, close tolerance fabrication, and complex components. Precinmac is a critical supplier to a wide range of prime contractors that rely on the company's high precision manufacturing capabilities and expertise. From its integrated manufacturing locations in the U.S. and Canada, Precinmac provides broad capabilities and expertise to these high requirements industries.

"We are very excited to join the family of companies in Precinmac," said Steve Petersen, Chairman of Petersen Inc. "Precinmac is poised to support our customers and team members which are the foundation of our success. They understand our business and will invest in our future and continued growth."

"We have built an amazing company which in turn supports our team members and surrounding communities," said Mark Jenkins, CEO of Petersen Inc. "The entire Petersen Inc. team looks forward to continuing to provide the highest quality products and services for our customers worldwide."