Stout has advised Radial Equity Partners on the acquisition of Thomas Precision Machining. The transaction closed in March 2026.

Founded in 1981 and headquartered in Rice Lake, Wisconsin, Thomas Precision Machining (TPM) is a leading provider of replacement parts, equipment, and maintenance services for processing applications, primarily serving the protein and food processing industries. TPM is known for its technical expertise and ability to deliver high-quality replacement parts and service that are essential to maintaining uptime and operational efficiency for its customers. The company operates additional facilities in Louisiana and Georgia.

Radial Equity Partners is a private equity firm that partners with founder and family-owned businesses in the lower middle market, focusing on opportunities where operational improvements and strategic investment can support long-term growth and value creation.