One Equity acquires Precision Gear Holdings LLC
One Equity Partners has acquired 100% of the assets of Precision Gear Holdings for $80 million from Precision Parts International, Inc. Precision Gear Holdings is a leading manufacturer of precision gears, gear assemblies and components predominately for the aerospace, oil &gas, mining and wind industries. The Company operates two wholly-owned subsidiaries, Merit Gear based in Antigo, WI and Precision Gear based in Twinsburg, OH.
About Precision Gear Holdings
Precision Gear supplies manufactured gears in the United States. It offers gears, splines, sprockets, timing belts, roller chain, ratchet forms, and worm gears; gear grinding for the aerospace, automotive, and nuclear industries; and lead and involute crowning services. The company was founded in 1970 and is based in Twinsburg, Ohio. Precision Gear Company is a subsidiary of Precision Parts International, Inc.