Acquisition of Precision Engineering to expand the Thermal Solutions Segment
20th Apr 2023
Acquisition of Precision Engineering to expand the Thermal Solutions Segment
Published January, 2023
The Heico Companies is pleased to announce that it has completed the acquisition of Precision Engineering (Precision). Precision Engineering will be part of the Thermal Solution Segment (TSS).
Based in Uxbridge, Massachusetts, Precision Engineering is a Tier-1 manufacturer of sheet metal enclosures to global original equipment manufacturers (OEMs) in the aerospace/defense and critical industrial sectors. Using the latest in advanced technologies, Precision incorporates automation and robotics into the enclosure production process to minimize production line interruptions and maximize cost competitiveness.
"The acquisition of Precision Engineering to the Thermal Solutions Segment is an excellent addition to our thermal solutions offering," said Robert Kennedy, President of the Thermal Solutions Segment. "TSS can now offer high precision sheet metal based thermal enclosures and peripherals. Precision’s capabilities complement our current TSS businesses; Wakefield Thermal, Vette Corp, and C/A Design. We will continue to build out our portfolio of businesses and capabilities to offer a Total Thermal Solution to our current and future global customer base. "
For over 30 years, Precision has been renowned for collaborating closely with its customers to support their demanding production requirements by providing custom metal components and assemblies to customer sites around the world. From early stage design for manufacturability and prototypes to high volume production runs, Precision works as a key partner to enable successful product launches and lifespan management to its OEM customers.
Precision Engineering is an AS-9100, ISO-9001, ISO-27001, and ISO-14001 Certified and ITAR registered business.
About Thermal Solutions Segment
The Thermal Solutions Segment (TSS) of The Heico Companies is a leading supplier of advanced thermal management products and provides thermal solutions across multiple industries. The TSS portfolio of companies offers a wide array of products, including thermal extrusions, LED heat sinks, rugged heat frames, heat pipes, fans, heat exchangers, coolant distribution units and liquid cold plates. TSS delivers increasingly complex solutions required to meet the thermal engineering challenges of today's electronics packaging densities.
About The Heico Companies
The Heico Companies is a parent holding company with over $3 billion in annual revenue, featuring a diversified portfolio of more than 40 businesses involved in manufacturing, construction, and industrial services. Founded in 1979, the business operates as a buy, hold, and build investor, focusing on long-term investments in middle-market businesses. Utilizing a hybrid decentralized structure, The Heico Companies maintains each operating company’s culture, identity, and independence while providing strategic guidance and supporting resources to facilitate successful growth.
