Precision Aerospace Acquires Decatur Machine Services

Dallas, TX – July 1st 2023

CIC Partners ("CIC") is pleased to announce the acquisition of Decatur Machine Services by Precision Aerospace Holdings (PAH), a CIC portfolio company. As a manufacturer of precision machined aerospace and defense components, PAH has acquired three DFW area businesses, cementing its commitment to build a world-class aerospace and defense manufacturing business.

Decatur Machine Services was established in 1983 with a commitment to the defense manufacturing industry. Decatur specializes in hard metal and tight tolerance machining for the defense industry. It produces complex, multifaceted parts, tooling, and prototypes utilizing expert 3, 4 and 5 axis machine tools. Decatur has received multiple customer awards for quality and on time delivery excellence.

“We are excited about adding Decatur to the Precision family of companies. Decatur brings with it a wealth of knowledge and capability and a world class set of aerospace and defense programs that complements our portfolio”, said Precision CEO Pete Stegmaier.

CIC Managing Director and Precision Board Chairman Bayard Friedman added, "We searched diligently for a partner that would augment our product offering, and I am delighted that we found it in Decatur. Our aim is to continue to grow by providing excellent service to new and existing customers while seeking out great Decatur-like businesses to integrate into our offering."

About CIC Partners

CIC Partners is a middle-market private equity firm that invests in growth-oriented companies primarily in the food, restaurant, industrial, and energy industries. CIC manages the personal capital of its investment team, operating partners and strategic investors and seeks to partner with owner-operators, founders and management teams. CIC looks for opportunities where it can leverage the collective experience of its investment team and its operating partners, who are successful CEOs and entrepreneurs, to guide, support and add value to portfolio companies. Based in Dallas, Texas, the firm has been generating wealth in private equity investing for its investors and management teams for over 30 years. For additional information, please visit

About Precision Aerospace Holdings

Precision Aerospace Holdings is a next-generation technology company specializing in complex component manufacturing for the Defense, Aerospace, and Space market segments. The Precision vision is to meet our quality and delivery commitments while supporting our customers, team members, suppliers, and partners. Precision’s family of businesses include Applegate EDM, Inc. – a leading provider of Wire, Sinker, and hole Drill EDM machining services, Icon Machine Co. – a precision CNC milling and turning manufacturer of tight tolerance components, and Decatur Machine Services – an expert tool and lathe producer of complex, multifaceted parts, tooling, and prototypes for the aerospace industry. For additional information, please visit

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