Addison: BTX Precision Completes Acquisition of Addison Precision Manufacturing
Deal News | Dec 10, 2024 | Newswire Business

BTX Precision, a contract manufacturing platform known for its sophisticated development and production capabilities, has announced the acquisition of Addison Precision Manufacturing (APM), a top-tier machining organization based in Rochester, New York. This acquisition marks BTX's fourth strategic expansion and the first in 2024, reinforcing its position as an essential partner to leading players in demanding sectors. APM is recognized for its ability to produce complex machined components with industry-leading capabilities and tight tolerances. With this acquisition, BTX aims to integrate APM into its ecosystem of manufacturing businesses, benefiting from shared expertise and strategic resources. Under its president Eric Caudill, Addison Precision will continue to focus on producing high-quality parts and maintaining its growth trajectory, now further empowered by BTX's resources. Owner Rodney Champagne expressed excitement about the shared commitment to excellence and the synergies in philosophies between the two companies. BTX Precision, through such acquisitions, continues to expand its influence and operational footprint, staying true to its mission as a design and manufacturing partner in the high precision and quality demands of the industry.
Sectors
- Manufacturing
- Engineering Services
Geography
- United States – Both BTX Precision and Addison Precision Manufacturing are based in the United States, namely in Rochester, New York.
Industry
- Manufacturing – The acquisition involves two manufacturing companies, BTX Precision and Addison Precision Manufacturing, emphasizing their roles in high-precision component production.
- Engineering Services – Addison Precision Manufacturing specializes in complex machined components, highlighting its engineering capabilities and specialized services.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
BTX Precision | Acquirer | Company | A contract manufacturing platform known for sophisticated design and production capabilities. |
Addison Precision Manufacturing | Target Company | Company | A Rochester, New York-based machining organization specializing in complex machined components. |
Rick McIntyre | Group CEO | Person | Group CEO of BTX Precision, involved in the acquisition announcement. |
Rodney Champagne | Owner | Person | Owner of Addison Precision Manufacturing, expressing enthusiasm for the acquisition. |
Eric Caudill | President | Person | President of Addison Precision Manufacturing, continuing to lead the company post-acquisition. |