MicroPrecision LLC. Acquires Riedel Tool & Machine, Inc.

 DELAVAN, WI – May, 2021 – MicroPrecision, LLC (“MicroPrecision”), a Merit Capital Partners and Tyrian  Capital portfolio company today announced the acquisition of Riedel Tool & Machine, Inc, (“Riedel”) based  in Cudahy, WI. Riedel was founded in 1966 and provides precision CNC machining and EDM services to a  variety of industries.

“We are very excited to welcome the Riedel team to MicroPrecision. The acquisition significantly increases  our tight-tolerance milling capabilities and brings long standing customer relationships in the medical, defense  and aerospace industries. The management team at Riedel will remain with us as we continue to grow the business.” said MicroPrecision CEO Mark Sarder. “It’s a first step in becoming the premier precision  machining contract manufacturing partner for our global OEM customers.” he added. 

Riedel focuses on low-to-medium volume milled parts with specific expertise in machining investment  castings and will continue to operate from its manufacturing facility in Cudahy, WI.  

Merit Capital and Tyrian Capital supported the acquisition. 

About MicroPrecision

MicroPrecision, based in Delavan, Wisconsin, produces precision-machined parts. Founded in 1950, the  company manufactures thousands of extremely tight-tolerance, build-to-specification parts for blue chip  customers in the medical, climate control, automation, fiber optic and other industries. Visit us at www.micro-precision.com

About Merit Capital Partners 

Based in Chicago, Merit Capital Partners has raised $2.2 billion through six institutionally sponsored limited  partnerships. We focus on high-quality, established businesses with carefully conceived operating strategies.  Our goal is to work with committed owners and strong managers to help increase a company’s value. www.meritcapital.com

About Tyrian Capital  

Tyrian Capital is an independent private equity firm based in Chicago. Tyrian works with companies with  revenues from $10mm to $75mm to create liquidity and with management to realize the potential of the  business. All our investments are financed through our network of institutional investors, family investment  offices and ultra-high net worth individuals. Together, we develop a strategic and financial plan to grow the  business with aligned incentives for all the stakeholders. www.tyriancapital.com