Nautic Partners and The Jordan Company have sold Precision Engineered Products Holdings to NN
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Precision Engineered Products Holdings, Inc. (“PEP”) has been sold by The Resolute Fund II, L.P., a private equity fund managed by The Jordan Company II L.P., and Nautic Partners VI, L.P., to NN, Inc. for $615 million.
PEP, headquartered in Attleboro, Massachusetts, is a full-service global manufacturer of highly engineered precision solutions used in a number of high growth end markets including medical, electrical control and distribution, transportation and aerospace. The company’s unique engineering and manufacturing capabilities enable it to meet its customers’ specific demands for customized metal, precious metal and molded plastic components. PEP is a leading provider of surgical staple loaded cartridges and other components and assemblies used in the medical end market, including laparoscopic devices, surgical instruments, medical disposables and dental and medical implants. In addition, PEP is also a leader in critical components and electrical contacts and assemblies for switching functions in advanced metering devices used in smart grid technology. For more information, visit www.pep-corp.com.
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