Wilton, CT – September 16, 2011. Stanwich Partners, LLC (“Stanwich”) today announced that it had successfully exited its co-investment with Ironwood Capital in Micro-Precision Group, Inc. (“Micro-Precision”). Micro-Precision was acquired by Desrosier & Company of Greenwich, CT.
Micro-Precision is a conglomerate of manufacturing businesses that provide precision machined components and systems. With manufacturing and administrative facilities in Connecticut and Maine, individual business units work closely with customers in the defense, aerospace, nuclear, commercial and homeland security sectors. In addition, Micro Precision LLC manufactures specialized OEM and retail products that are the leaders in their respective markets: Aerial Portable Tower Systems and Nathan Airchime train horns. Desrosier & Company is a private investment firm that invests in middle market businesses.
Stanwich Partners, LLC is a Wilton, CT based private equity firm that specializes in acquiring small to middle market manufacturing, service, and value-added distribution firms. Ironwood Capital is an Avon, CT based investment firm which invests in senior subordinated debt and equity securities in amounts ranging from $5MM to $25MM to support business owners and financial sponsors in leveraged buy-outs, growth financings, and recapitalizations.