Compass Precision Acquires Gray Manufacturing Technologies

Compass Precision, Gray Manufacturing Technologies | September 23, 2020

Compass Precision Acquires Gray Manufacturing Technologies
A collection of manufacturing companies officially announced the addition of a fourth North Carolina manufacturer to its portfolio. Compass Precision, a subsidiary of Pittsburgh private equity firm Main Street Capital Holdings, acquired Gray Manufacturing Technologies for an undisclosed price, Main Street Capital officials said in a statement.

Gray, located in the Charlotte suburb of Denver, North Carolina, produces precision metal components for the aerospace and defense sectors. Compass officials said the company offers multi-axis machining, testing, and assembly of complex metal geometries, including a metrology lab and advanced production certifications.

“Gray Manufacturing Technologies is an incredibly well-run precision manufacturer that is experiencing rapid growth by serving a select group of highly attractive customers and end-markets,” Compass President and CEO Gary Holcomb said in the announcement. “They are a perfect fit for us.”

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