On December 31, 2021, the Ring Precision and Dieco businesses of The PMT Group were acquired by Culper Capital Partners and combined with New Vision Industries to form The Producto Group.
The Aerospace Defense and Government Services M&A practice of Kroll Corporate Finance served as exclusive financial advisor to The PMT Group in connection with the transaction.
About Ring Precision and Dieco
Founded in 1945, Ring Precision is a leading manufacturer of high-precision tooling requiring tight tolerances, complex shapes, special hardness and intricate machining for end markets and applications involving high volume, consumable, and mission-critical products. Ring Precision primarily serves segments of the defense, medical and consumer packaging end markets that generate large, recurring orders with long production runs. Dieco is a leading distributor of custom springs, die springs, accessories, die sets and other components.
About The PMT Group
The PMT Group owns and operates Moore Tool and Moore Nanotechnology Systems. Moore Tool provides a complete line of CNC jig grinders and contract precision-manufacturing services and is vertically integrated with Moore Nanotechnology Systems. Moore Nanotechnology Systems is a world leader in the design, development and manufacture of ultra-precision machine tools and associated processes for the production of advanced optical components in consumer electronics, space, defense, aerospace, lighting, medical and automotive sectors. Withers Bergman LLP served as legal counsel to The PMT Group.
About Culper Capital Partners
Culper Capital Partners is a private investment firm that invests both debt and equity in middle market companies that seek true partnership solutions. Culper isn't interested in just putting money to work. Culper seeks to revolutionize the meaning of private equity by working with our trusted portfolio companies to drive value for their customers, employees, the community, and shareholders alike. Winston & Strawn LLP served as legal counsel to Culper Capital Partners.