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Drt Holdings Announces Acquisition Of Custom Machining Corporation

Sep 11, 2023•almost 2 years ago

Acquiring Company

Drt Holdings

Acquired Company

Custom Machining Corporation

ManufacturingPrecious MetalsManufacturing

Description

DRT Holdings, LLC ("DRT"), which provides specialized manufacturing solutions to the metal packaging, aerospace, and precision industrial segments, announced today that it has acquired Custom Machining Corporation ("CMC" or the "Company"). CMC is a leading provider of high-speed, high-precision liner systems and parts for metal packaging applications serving the end markets for food, beverage and household products. Terms of the transaction were not disclosed. DRT is a portfolio company of Mill Rock Capital, a growth- and operations-oriented private investment firm that invests in well-positioned middle-market businesses in North America.

Company Information

Company

Drt Holdings

About

Founded in 1949 as the Dayton Reliable Tool & Mfg. Co., DRT Holdings, LLC. is a manufacturer and supplier of precision tools and specialized components to a wide variety of end markets organized in three business segments: Metal Packaging, Aerospace, and Precision. The Metal Packaging segment is the original developer of easy-open ("pull-top") ends principally used in food and beverage cans and continues to be one of the world's leading providers of equipment, aftermarket parts, and services utilized in can and end production. Aerospace is a manufacturer of precision-machined parts for commercial and military aircraft, commercial space and land-based industrial gas turbine engines. Precision makes components for various industries, including medical imaging equipment, plastic injection molding and building products. DRT provides value-added services to supplement its core precision machining capabilities, including extensive engineering resources and design-for-manufacturability capabilities, go-to-market support and systems integration. The company currently operates ten locations in the United States and Europe. For more information, please visit https://drtholdingsllc.com/ .

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed