Whitcraft Enterprises, Inc. Acquires Precise Manufacturing, Inc.

True North Strategic Advisors, LLC advised John Whitcraft, current President of Precise Manufacturing Inc., on the acquisition of the company from its existing shareholder group. The transaction was effective December 31, 2008. True North was the lead strategic and financial advisor to Mr. Whitcraft in this transaction.

The acquisition of the Company by Mr. Whitcraft ensures the continuity of customer and vendor relationships. This continuity will continue to allow Precise to provide the manufacturing excellence and customer service and support that have characterized the Company’s long history. John Whitcraft stated, “We are extremely pleased that this transition of ownership will be seamless in Precise’s continued commitment to customer satisfaction through on time delivery of precision machined parts that meet or exceed our customer specifications.”

Precise Manufacturing, Inc. is an ISO 9001 and Q9001-2000 OEM supplier of precision machined products. Located in Fort Wayne, Indiana, Precise is a privately-held business providing high quality products and services for over 80 years to the defense, electronic and fuel dispensing industries.

Precise’s products include a wide variety of machined parts produced from multi-axis CNC lathes, machining centers and screw machines. Precise has machining experience with a broad variety of materials including castings, carbon steel, stainless steel, brass, and aluminum.