Stout is pleased to announce the sale of Petersen Inc. (“Petersen” or “the Company”) to Precinmac Precision Machining (“Precinmac”), a portfolio company of Pine Island Capital Partners; Bain Capital Credit, LP; and Compass Partners Capital. Stout served as exclusive financial advisor to Petersen in connection with this transaction.

Established in 1961 and headquartered in Ogden, Utah, Petersen is a leading provider of highly complex, design, engineering, and manufacturing turnkey solutions for a broad range of applications across diversified end markets. The Company’s comprehensive range of manufacturing services enables Petersen to act as a one-stop shop for its clients’ most challenging, mission-critical, niche-manufacturing needs by leveraging industry-leading capabilities within advanced manufacturing, custom fabrication, precision machining, warehousing and distribution, field services, and design/engineering.

“We are excited that Precinmac recognizes Petersen as a worldwide industry leader in specialized fabrication, precision machining, and advanced manufacturing services,” stated Steve Petersen, Chairman of Petersen. “We have been very fortunate in our 61-year history to build a company that provides exceptional products and services, and the credit for our success goes to the industry’s very best and brightest team members that show up every day at Petersen to perform their jobs at the highest level,” added Steve Petersen.

Precinmac is a leading diversified manufacturer of high-tolerance precision machined components and assemblies. The Precinmac brand represents a family of eight operating companies in the United States and Canada.

The addition of Petersen expands Precinmac’s capabilities and product offerings to better serve the aerospace and defense, semiconductor, power generation / energy, medical, and general industrial sectors.

Stout’s Christopher Merley and Mark Abbott led the execution of the transaction, assisted by Michael Benson, Matthew Hricko, Sidarth Balaji, and Johnathan Lekosiotis.

Polsinelli served as legal counsel to Petersen.

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