Ideal Machining, Inc. Acquires Assets of Pro CNC, LLC
Ideal Machining Inc., a precision parts manufacturer located in Albion, Indiana and has acquired the assets of Pro CNC, LLC located in Churubusco, Indiana. Ideal will consolidate its operations into the current Pro CNC location. With the acquisition of the Pro CNC business Ideal acquired an ISO 9001 and 13485 supplier of precision machined products. The acquisition of the Pro CNC business by Ideal ensures the continuity of customer and vendor relationships.
The products of Ideal and Pro-CNC include a wide variety of machined parts produced from multi-axis CNC lathes and machining centers. The companies have machining experience with a broad variety of materials including castings, carbon steel, stainless steel, brass, and aluminum.
The Principals of True North, acting in the capacity of registered agents of Burch & Company, Inc. (“Burch”), were the lead strategic and financial advisors to Pro CNC on the sale of the business. The transaction was effective April 25, 2011. In order to assist True North with securities related transactions, including capital raises, its principals are registered investment banking agents of Burch & Company, Inc, member FINRA/SiPC. Burch and True North are not affiliated entities.