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.
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