Key Takeaways
- • CORE Industrial Partners announced that its portfolio company Fathom Digital Manufacturing has acquired TCS Industries, TCS Electronics and Precision Grinding & Manufacturing Corporation (PGM), expanding its aerospace and defense platform.
- • The three acquisitions raise Fathom's nationwide footprint to 10 facilities and approximately 700 employees, according to the announcement.
- • TCS, based in Rochester, New York, operates two facilities totaling more than 200,000 square feet and brings nearly 35 years of aerospace and defense experience, while PGM brings nearly six decades of precision manufacturing experience.
- • Both TCS and PGM hold AS9100 certifications and ITAR registrations, strengthening Fathom's position in highly regulated defense markets.
- • The deals are positioned as a response to aerospace and defense manufacturers seeking domestic production capacity and more resilient supply chains.
Summary
CORE Industrial Partners, a Chicago- and Austin-based industrials-focused private equity firm, announced through Business Wire that its portfolio company Fathom Digital Manufacturing has acquired TCS Industries, TCS Electronics (together, TCS) and Precision Grinding & Manufacturing Corporation (PGM). The transactions expand Fathom's precision manufacturing capabilities and its presence in aerospace and defense markets. The announcement did not disclose deal values.
Fathom, headquartered in Hartland, Wisconsin, provides more than 25 advanced manufacturing services, including additive manufacturing, CNC machining, sheet metal fabrication, injection molding, tooling, assembly, finishing and engineering support. With the acquisitions, the company's nationwide footprint grows to 10 facilities and approximately 700 employees. The company said the combination enables it to support customers from prototyping through qualified, sustained production and to address production bottlenecks and supply chain complexity.
TCS Industries and TCS Electronics, both based in Rochester, New York, have nearly 35 years of experience serving aerospace and defense customers. Their capabilities include precision CNC machining, sheet metal fabrication, aluminum dip brazing, welding, electro-mechanical box builds, PCB assemblies, and cable and wire harnesses. Manoj Shekar, founder and President of TCS, said joining Fathom provides resources and broader capabilities while preserving the company's customer focus and operating discipline.
PGM, also headquartered in Rochester, brings nearly six decades of experience across machining, grinding, lapping, honing, assembly and specialized finishing. It supports aerospace and defense customers from low- and mid-volume manufacturing through full-rate production. Todd Hockenberger, Corporate VP of PGM, said Fathom shares the company's values and will help it expand capabilities.
Matthew Puglisi, Partner at CORE, said aerospace and defense is entering a period of significant investment in domestic manufacturing capacity and described TCS and PGM as outstanding businesses that position Fathom to pursue larger opportunities. Fathom CEO Rush LaSelle said the acquisitions give the platform broader solutions for increasingly demanding programs. Winston Taylor provided legal representation to CORE and Fathom in the transactions.
Fathom, headquartered in Hartland, Wisconsin, provides more than 25 advanced manufacturing services, including additive manufacturing, CNC machining, sheet metal fabrication, injection molding, tooling, assembly, finishing and engineering support. With the acquisitions, the company's nationwide footprint grows to 10 facilities and approximately 700 employees. The company said the combination enables it to support customers from prototyping through qualified, sustained production and to address production bottlenecks and supply chain complexity.
TCS Industries and TCS Electronics, both based in Rochester, New York, have nearly 35 years of experience serving aerospace and defense customers. Their capabilities include precision CNC machining, sheet metal fabrication, aluminum dip brazing, welding, electro-mechanical box builds, PCB assemblies, and cable and wire harnesses. Manoj Shekar, founder and President of TCS, said joining Fathom provides resources and broader capabilities while preserving the company's customer focus and operating discipline.
PGM, also headquartered in Rochester, brings nearly six decades of experience across machining, grinding, lapping, honing, assembly and specialized finishing. It supports aerospace and defense customers from low- and mid-volume manufacturing through full-rate production. Todd Hockenberger, Corporate VP of PGM, said Fathom shares the company's values and will help it expand capabilities.
Matthew Puglisi, Partner at CORE, said aerospace and defense is entering a period of significant investment in domestic manufacturing capacity and described TCS and PGM as outstanding businesses that position Fathom to pursue larger opportunities. Fathom CEO Rush LaSelle said the acquisitions give the platform broader solutions for increasingly demanding programs. Winston Taylor provided legal representation to CORE and Fathom in the transactions.
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