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BRATTLEBORO, Vt . , March 25, 2022 /PRNewswire/ -- G.S. Precision, Inc. ("GSP"), a leading manufacturer of complex, high-precision components and specialty hardware used primarily in aerospace engines and defense systems, announced today that it acquired SMC Aerospace ("SMC" or "the Company"), a provider of highly engineered tubes and machined components for the aerospace and defense industries. Terms of the transaction were not disclosed.

GSP is a portfolio company of AE Industrial Partners ("AEI"), a U.S.-based private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets. SMC represents GSP's first add-on acquisition since being acquired by AEI. For more than 50 years, SMC has served as a critical supplier of highly engineered hydraulic and fuel tubes, utilizing state-of-the-art machinery and processes to manufacture flight-critical components primarily for the aircraft engine market. SMC operates out of two New Hampshire -based facilities in Laconia . SMC's CEO Mark McCarthy will remain with the company and help integrate the business into GSP.

"SMC Aerospace is a perfect fit with G.S. Precision, both in terms of corporate culture and its complex tube manufacturing capabilities," said Matt O'Connell , CEO of GSP. "The acquisition of SMC extends our reach within the aerospace industry at a time when demand for these capabilities is only going to increase, enabling us to better serve our customers' needs. We welcome Mark and the SMC team."

"As a family-owned company for more than 50 years, we were committed to finding a partner who understood our business and culture, which we found in both GSP and AEI," said Mr. McCarthy. "Joining forces with GSP is a win-win for both companies' customers by bringing more high-end capabilities, depth of experience, and entrenched knowhow to meet their needs. We are eager to work together to further build our business."

Based in Brattleboro, VT , G.S. Precision is a leading manufacturer of complex, high precision components and specialty hardware used in a variety of mission critical aerospace and defense applications. For more than 60 years, the Company has utilized state of the art, proprietary manufacturing processes and technologies to deliver a diverse set of components, used in both new production and the aftermarket. For more information, please visit www.gsprecision.com.

AE Industrial Partners is a private equity firm specializing in aerospace, defense & government services, space, power & utility services, and specialty industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from its deep industry knowledge, operating experience, and relationships throughout its target markets. AE Industrial Partners is a signatory to the United Nations Principles for Responsible Investment and the ILPA Diversity in Action initiative. Learn more at www.aeroequity.com.

Lambert Jennifer Hurson 845-507-0571 [email protected] or Caroline Luz 203-656-2829 [email protected]

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