Strategic Acquisition Set to Expand Ohio Gratings' Industry Footprint in More Ways Than One
Canton, OH Precision Component Industries, LLC (“PCI”), machined components manufacturer, has been acquired by Ohio Gratings, Inc., the only privately-held gratings company in the United States. Carleton McKenna & Co. served as the exclusive sell-side representative to Precision Component Industries, LLC in its acquisition.
PCI operates a full-service manufacturing enterprise specializing in high precision, low volume, complex configuration, traditional and exotic material components. The company offers a uniquely broad range of machining capabilities including multi-axis machining, manual grinding and CNC turning and milling. PCI maintains a longstanding reputation in the manufacturing community for its high-quality processes, talented workforce, specialized facility, and highly custom capabilities. PCI serves blue chip customers across automotive, aerospace, defense, energy and industrial sectors.
Since 1970, Ohio Gratings, Inc. has invested in hardworking employees who exemplify its commitment to make it right and ship when promised. Ohio Gratings brings extensive market intelligence, engineering strength and the ability to grow PCI into a leading solutions provider.
About Carleton McKenna & Co, LLC
Carleton McKenna & Co is a Cleveland-based, independent investment banking firm providing M&A and Capital Advisory services. We work with middle-market closely held businesses, multi-generational family businesses, portfolio companies of financial sponsor firms and divisions or subsidiaries of public companies focusing in Specialty Manufacturing & Industrials, Consumer Products, SaaS, Healthcare, B2B Services and Cybersecurity.
About Precision Component Industries, LLC
PCI is a precision machined component manufacturer offering contract machining, milling and grinding services to aerospace, automotive, defense, energy and industrial end markets since 1999. The company’s highly knowledgeable and loyal staff operates from a 69,000 sq. ft. climate-controlled facility in Canton, Ohio, which includes manufacturing, warehouse and office space.
About Ohio Gratings, Inc.
Since 1970, Ohio Gratings, Inc. has been a leader in metal grating design, manufacturing and custom fabrication services. Its products are use in industrial and architectural applications for walkways, catwalks, trenches, stairs, bridge decks, screens, grilles, fencing, mezzanines and shelving. Ohio Gratings is headquartered in Canton, Ohio. For more information, visit www.ohiogratings.com.