M&A · Private equity
ATL Partners buys Precise Metal Products to start an aerospace and defense roll-up
Staple Street Capital is the seller. The Phoenix company's long-term agreements support narrow-body and wide-body planes and defense programs, but the announcement gives no price or program names.
On Tuesday, Oct. 13, ATL Partners announced the formation of Precise Aerospace & Defense and its first acquisition: Precise Metal Products, from affiliates of Staple Street Capital. Through the platform, ATL intends to support the company's continued organic growth while pursuing add-on acquisitions.1
ATL announced Precise A&D's first acquisition, Precise Metal Products
The seller is affiliates of Staple Street Capital, and financial terms were not disclosed
ATL intends to support PMP's organic growth while pursuing strategic add-on acquisitions
Source: ATL Partners release, Oct. 13, 2026
Sources
ATL, a private equity firm that invests in commercial aerospace, national security, and transportation and logistics, has done this before. As of the fourth quarter of 2025, it says its team had invested across eight platforms and 42 add-ons.1–2 It has also exited a national-security business. In August 2025 ATL announced it had completed the sale of Geost to Rocket Lab. ATL bought the electro-optical and infrared sensing supplier for national security space missions in 2021.4
Precise Metal Products, founded in 1957, specializes in complex forming and fabrication. Its metal assemblies manage airflow in engine systems, auxiliary power units and environmental control systems.1, 3 Chief Executive Steve Bangerter and his senior team continue to lead it.1
Staple Street, a private equity firm with about $900 million under management, lists the company as formerly owned by an employee stock ownership plan.1, 3 Bangerter credited Staple Street with "helping us expand our production capabilities." ATL partner Mike Kramer said his firm looks forward to working with Bangerter's team to "expand capacity." Houlihan Lokey advised the sellers and Lincoln International advised ATL.1
ATL means the platform to become a scaled, vertically integrated provider of complex components and subsystems for aerospace, defense and space. That makes it a new sponsor-backed buyer for owners of component and subsystem makers in those markets.1
Sources (4)
- ATL Partners: ATL Partners Launches New Precise Aerospace & Defense Platform with Acquisition of Precise Metal Products from Staple Street Capital (Oct. 13, 2026) www.atlpartners.com
- ATL Partners: Precise Aerospace & Defense portfolio page www.atlpartners.com
- Staple Street Capital: Portfolio staplestreetcapital.com
- ATL Partners: ATL Partners Completes Sale of Geost to Rocket Lab and Advances Trident Solutions as a Defense Electronics Platform (Aug. 12, 2025) www.atlpartners.com