Avem Partners Purchases Precision Aircraft Machining Company

Private equity firm Avem Partners announced April 21 that it had acquired Precision Aircraft Machining Company, also known as PAMCO. In a company statement, Avem indicated it is focused on lower-middle market aerospace and defense business acquisition and that the PAMCO purchase would build towards that goal.

The Sun Valley, California-based PAMCO was founded in 1980 and specializes in source controlled hydraulic fittings for aerospace and defense platforms. Avem said the company has a reputation for reliably supplying components consistent with tight tolerance standards.

Kim Pisano, President of PAMCO, said the purchase would expand the PAMCO’s overall capabilities and improve its customer support.

“Joining the Avem platform represents an exciting next chapter for PAMCO,” Pisano said. “For more than 40 years, PAMCO has been committed to delivering precision-machined components for critical aerospace, defense, and space applications. The partnership with Avem will allow us to build on our strong foundation and continue to expand our capabilities and customer support.”

In a company statement, Mike Courticq and Brian Leible of Avem said their company aims to keep PAMCO growing.

PAMCO is a strong addition to our aerospace and defense manufacturing platform, with deep technical capabilities, a long history of quality performance, and a highly skilled team,” Leibl said. “We look forward to partnering with management to invest in the business and support its continued growth.”