On October 14, 2024, Centerbridge Partners, L.P. agreed to acquire Precinmac LP, a manufacturer of precision components for aerospace, defense, and semiconductor industries, from Bain Capital’s Private Credit Group, Pine Island Capital Partners, and Compass Partners. Precinmac operates nine facilities across the U.S. and Canada.

The transaction, expected to close in Q4 2024, will support Precinmac’s growth and capability expansion. Goldman Sachs advised Precinmac, with Weil, Gotshal & Manges LLP as legal counsel. Evercore and Kirkland & Ellis LLP advised Centerbridge, alongside Osler, Hoskin & Harcourt LLP, whose team included Neal Ross, Brad Lastman, Josh Mamdani, Richard Borins, David Arya, Colena Der, Alina Tamm, Kaeleigh Kuzma, Irmak Aydemir, and Kristin Mead. Financial terms were not disclosed.