BTX Precision Expands with Acquisition of Machathil Family Enterprises
Deal News | Dec 17, 2024 | Newswire Business
BTX Precision, a Chicago-based firm, has successfully acquired a family of precision component manufacturing and processing companies owned by the Machathil Family in San Jose, California. The acquisition includes A-1 Jay's Machining, A-1 Jay's Sheet Metal, Inotech Laser Processing, Bay Area Grinding, and Silicon Valley Precision Cleaning. Jensen Machathil will lead the business as a Business Unit President, while the founder, James Machathil, will assume an advisory and investor role in BTX Precision. Under BTX ownership, these entities plan to merge into a single brand, A1J Technologies, to streamline operations and enhance service delivery. This acquisition marks BTX Precision's fifth since its inception in 2023, significantly augmenting its prowess in precision manufacturing. BTX's CEO, Rick McIntyre, lauded the acquisition for its enhancement of BTX's capabilities to meet complex engineering and manufacturing needs. The newly acquired operations are poised to support prototype development, NPI, and production requirements, particularly within Silicon Valley's innovation sectors.
Sectors
- Precision Manufacturing
- Engineering Services
Geography
- United States – The acquisition involves entities primarily based in the United States, specifically in Chicago and San Jose, California.
- Silicon Valley – Located in California, Silicon Valley is a significant hub for innovative tech companies and manufacturing, relevant due to the acquired companies’ operations.
Industry
- Precision Manufacturing – This involves the production of precise components, essential in supporting intricate engineering and manufacturing needs such as those provided by A-1 Jay's group's extensive manufacturing capabilities and BTX Precision's market approach.
- Engineering Services – Involves the provision of services that cater to complex and demanding engineering tasks in sectors requiring meticulous development, like the engineering support provided by BTX Precision and A-1 Jay's.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BTX Precision | Acquirer | Company | A Chicago-based precision manufacturing platform focused on sophisticated supply chain demands. |
| Machathil Family | Vendor | People | The owners of the acquired family of precision component businesses in San Jose. |
| Jensen Machathil | Business Unit President | Person | Will lead the business unit within BTX Precision post-acquisition. |
| James Machathil | Advisor | Person | Founder involved as an advisor and partner in the newly structured BTX Precision. |