Compass Precision Acquires R and D Machine to Expand Portfolio of Manufacturers.

MANews-(C)2009-2022

North Carolina, US-based acquisition company Compass Precision has acquired Florida-based metal components manufacturer R and D Machine and Engineering, Inc. to expand portfolio of manufacturers, the company said.

Compass Precision is a portfolio company of Main Street Capital Holdings, LLC, a Pittsburgh-based private equity firm.

Terms of the transaction were not disclosed.

R and D Machine is the sixth operating company for Compass Precision. Operating companies are supported by Compass's centralised platform resources which provide strategic guidance, operational expertise, sales and marketing support, as well as other administrative support services.

Compass Precision was formed in October 2019...

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