6/1/2012 10:23:00 AM
NEWS BRIEFS
Advanced Precision Products Recapitalized
Advanced Precision Products Inc. received a leveraged recapitalization to fund shareholder dividends.
Quarton Partners represented Hastings Equity Partners LLC in the recapitalization. APP is a subsidiary of Hastings.
Advanced supplies tight tolerance, precision machined components and assemblies for the medial, defense, aerospace, oil & gas, automotive and general industrial end markets. APP is headquartered at 7 First St., Palmer, MA 01067. Tel: 508 369-3414 or 800 959-3171 Web: advancedprecisionproducts.net
Waltham, MA-based Hastings is a private equity firm investing in niche businesses to leverage operating experience of its firms’ managers and inventors. Web: Hastingsequity.com
Middlesex Savings Bank of Natick, MA, funded the recapitalization.
Birmingham, MI-based Quarton Partners is a investment banking firm which assists in mergers and acquisitions, private capital raising, restructurings, valuations and other financial advisory services. Quarton is located at 300 Park St. #480, Birmingham, MI 48009. Tel: 248 594-0400 Fax 248 594-0401 ©2012 GlobalFastenerNews.com
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