Advanced Machining was acquired by Compass Precision in 2019
In 2019, Advanced Machining & Tooling LLC (Advanced Machining) is a subsidiary of Compass Precision LLC (Compass Precision), which is owned by Main Street Capital Holdings LLC, a private equity firm. The private equity firm ownership acquired Advanced Machining and two other industrial manufacturing companies, forming Compass Precision as the parent company. This acquisition marked continued expansion in the manufacturing sector by Compass Precision, which was continued in March 2021 with the acquisition of Douglas Machining Services Inc.
Structural|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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