INDIANAPOLIS: Private investment firm AFM Capital Partners said on Thursday its portfolio company Pro Products Holdings LLC has acquired Owens Industries, LLC, a move that expands its precision manufacturing capabilities for the aerospace and defense sectors.
Financial terms of the deal were not disclosed.
Owens Industries, based in Oak Creek, Wisconsin, is a provider of ultra-precision computer numerical control (CNC) machining, specializing in complex components from exotic materials for mission-critical applications in aerospace, defense, and space.
The acquisition aims to create a combined platform with enhanced scale and technical expertise to serve growing demand in its key end markets.
“We are well-positioned to serve our customers’ most demanding applications, including propulsion systems, satellite components, and structural assemblies,” said Steven Hurley, President of Pro Products.
Mark McTigue, President and Founding Partner of AFM Capital Partners, stated that Owens represents a “natural and strategic fit” as the firm scales its advanced precision machining operations. He cited opportunities to expand market reach and strengthen the competitive position of the combined companies.
Cantor Fitzgerald & Co. served as the exclusive financial advisor to Owens Industries for the transaction.
