Deal description: Baker Botts LLP acted as legal advisor to Precision Aerospace Holdings, LLC (Precision), a Dallas-based leading manufacturer of next-generation aerospace machining and defense components, in its acquisition of Clearwater Engineering. The move positions Precision for extended reach across the Midwest for additional market clients and segments. 

Precision’s acquisition of Clearwater Engineering marks the platform's third acquisition in the last two years and the fifth since it was formed through the partnership of two Dallas-based private investment firms, CIC Partners and Juniper Capital Management.

Clearwater Engineering, based in Kansas, provides precision machining, computer numerical control (CNC) milling, and supply chain management services supporting the commercial and government aerospace sectors. The company has served the aerospace industry since 1987 and has established itself as a leader in CNC milling and turn-lathe high-volume machining. 

Baker Botts, along with and Haynes Boone LLP, provided legal counsel to Precision in the transaction.

Terms of the deal were not disclosed.

Precision’s press release can be found here. 

Baker Botts Lawyers/Offices Involved:

• Corporate: Bryan Henderson (Partner; Dallas); Clint Culpepper (Partner; Austin); Michael Donnellan (Associate; Houston); Morgan Copher (Associate; Dallas)

 

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