Centric Machining Solutions LLC, dba Cutting Edge Machining & Automation, has acquired Comco Plastics Inc., a Huntington Station, N.Y., contract fabricator of tight-tolerance components including medical devices, semiconductors and analytical equipment.
Comco, founded in 1956, also does vacuum forming, computer numerically controlled milling and turning, assembly, annealing and vapor polishing.
The companies said via email the plan is to expand Comco Plastics and double its size within two to four years. The company currently employs 30.
Michael French, who was Comco’s president and chief executive officer for 20 years, will remain with the company as operating CEO.
Drifting, Pa.-based Cutting Edge provides a variety of end markets with precision machined metal and plastic parts and automation services. Cutting Edge is a portfolio company of Continuim Equity Partners LLC.
Comco joins Continuim’s automated precision machining business platform, which Continuim launched in December by acquiring a different "cutting edge" company: Cutting Edge Machining Solutions (CEMS) of Clearfield, Pa. CEMS has customers in the aerospace, defense, military and specialty fastener industries.
Continuim quickly built that platform by acquiring add-ons: N.E. Davis Co. Inc. (Nedco) in North Huntingdon, Pa.; Dynamac Inc. of Addision, Ill., near Chicago; Quality Tooling & Repair Inc. (QTR) in Irwin, Pa.; and Cobot Systems LLC of Belle Vernon, Pa.
Generational Equity LLC advised Comco on the deal, which closed June 30. Generational Equity is part of Generational Group of Richardson, Texas, a Dallas suburb.