Home » News » Continuim Equity Partners purchases precision machining company
Pittsburgh-based private equity fund Continuim Equity Partners recently purchased Cutting Edge Machining Solutions (CEMS), a Clearfield-based Swiss-Style Computer Numerical Control (CNC) manufacturer. Wasino Lathe
Founded in 2001, CEMS produces small, high-precision, long-run components. Its manufacturing capabilities include Swiss-Style CNC machining and wire-EDM, laser marking, and assembly services across various material types.
The company’s clients include the aerospace, defense, electronics, military, specialty fastener, and other industrial end markets.
Michael Walsh, CEMS’ owner, will partner with Continuim to pursue operational excellence and growth from Continuim’s Enterprise Growth Engine.
“Continuim really has a unique approach, and they are not your typical private equity group,” Walsh said. “They have a team of talented operational people, together with an active leadership style, that engages with the employees of their businesses to support growth. This is a great opportunity for all CEMS stakeholders, including the local Clearfield community.”
The purchase is part of Continuim’s new automation-enabled precision machining strategy and is its first planned acquisition in precision machining. The goal is to build a diversified, multi-capability, automation-enabled platform that will be capable of fully serving the component sourcing needs of blue-chip customers across end markets.
Continuim has made more than $100 million of capital commitments.
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