Continuim Launches Precision Machining Acquisition Strategy
Continuim Equity Partners (“Continuim”) is excited to announce the launch of our automation-enabled precision machining strategy with the acquisition of Cutting Edge Machining Solutions (“CEMS” or the “Company”).
Headquartered in Clearfield, PA, CEMS is a leading Swiss-Style CNC manufacturer that excels in producing small, high-precision, long-run components. The Company has grown steadily since its founding in 2001 due to its commitment to quality and continuously improving its manufacturing capabilities, which include Swiss-Style CNC machining, wire-EDM, laser marking and assembly services across various material types.
CEMS serves a loyal and diversified customer base and is a trusted supplier for clients in military, defense, aerospace, specialty fastener, electronics, and other industrial end markets. The Company operates from a modern, recently expanded facility where it has ample capacity and a dedicated team of employees that have embraced Continuim’s plans to accelerate growth.
We are pleased to acquire CEMS from Mr. Michael Walsh, who will remain active and invested alongside Continuim, and to partner with the rest of the employees at the Company to pursue operational excellence and transformative growth by implementing Continuim’s Enterprise Growth Engine.
CEMS is the first of Continuim’s planned acquisitions in precision machining. By acquiring and integrating complementary precision machine shops, we are building a diversified, multi-capability, automation-enabled platform that will be more capable of fully serving the component sourcing needs of blue-chip customers across end markets.
George Pilafas, Managing Partner of Continuim, stated, “We are excited to partner with Mike Walsh and his team to help CEMS achieve its next phase of growth. The Company’s equipment and personnel are well suited to supply the market with small, highly precise components, which will be a core capability of our precision machining platform.”
Michael Walsh said, “Continuim really has a unique approach and they are not your typical private equity group. They have a team of talented operational people, together with an active leadership style, that engages with the employees of their businesses to support growth. This is a great opportunity for all CEMS stakeholders, including the local Clearfield community.”
About Continuim Equity Partners
Continuim is a Pittsburgh-based private equity fund with over $100 million of capital commitments. We focus exclusively on acquiring and continuing the growth of successful manufacturing and industrial businesses ranging from $3MM to $10MM of EBITDA.
We bring proven operating strategies, committed capital and a talented team of industrial operators to support family-owned manufacturing, value-added distribution, and industrial maintenance companies in our Region. Our name is derived from what we consider most important to the growth of family-owned industrial businesses — continuous improvement.