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Preece Machining and Assembly, Inc. of Boulder, CO, acquired by Highline Group of Denver, CO

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BOULDER, Colo. - EntSun -- Calder is pleased to announce the acquisition of Preece Machining and Assembly, Inc. ("PMA") of Boulder, Colorado, by Highline Group of Denver, Colorado.

Highline Group is a single-family office of strategic operators who provide patient capital and on-the-ground management to manufacturing businesses across industries. Steve and Jonathan Reinemund of Highline Group engaged Calder' sBuy-Side team as they construct a portfolio of well-established businesses that thrive through collaborative leadership and best-in-class operational practices.

Founded in 2018 by Nick Preece, PMA provides precision machining services for aerospace and commercial customers across the United States. With AS9100D and ISO 9001:2015 certifications, PMA delivers high-quality, thoroughly inspected components for clients across the defense and aerospace sectors.

Jon Pastoor of Calder served as the Lead Mergers & Acquisitions Advisor to Highline Group. Serving as Lead Buy-Side Director was Hannah Nabhan, and Lead Buy-Side Associate was Logan Granger of Calder.

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Throughout the engagement, Calder generated 76 proprietary off-market leads, resulting in 39 introductions, 16 calls, 4 offers submitted, and 1 closed deal between Highline Group and Preece Machining & Assembly. The process moved from engagement to close in approximately eight months, which included 63 days between LOI and close.

Jonathan Reinemund commented, "It's been great to work with the Calder team. Logan is unmatched in his tenacity for bringing us qualified leads. He balances persistence and professionalism throughout the process. In many instances, he's the first touch point of our firm's brand with prospective future partners, and he does a good job representing us. And, Jon has been a reliable thought-partner for us as we evaluated dozens of opportunities. In addition to finding qualified leads, Calder helped us establish informed valuations and offer letters, helped negotiate many of the details that must be addressed in a deal, and even helped us say 'no' to deals that weren't right for us."

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Preece shared,  "Working with Calder was a top-notch experience. Jon and Logan spent countless hours with our team, coordinating this deal and seeing it through to the finish line. The Calder team took the time to guide us through diligence, ensuring a clear understanding of this complex process."

"Our Buy-Side clients are guaranteed 10 introductions with sellers that meet their criteria; for the case of Highline Group, we were pleased to source and introduce them to 39 off-market, proprietary targets," commented Sam Scharich, Calder Capital's Buy-Side Managing Director.

Calder served as the exclusive Buy-Side Mergers and Acquisitions Advisor to Highline Group.

To learn more about Preece Machining and Assembly, please visit www.MachineAndAssembly.com.

To learn more about Highline Group, please visit www.HighlineGroupCo.com.

To learn more about Calder Capital, please visit www.CalderGR.com.

Contact
Calder Capital
***@caldergr.com


Source: Calder Capital

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