June 27, 2019
STAMFORD, CT and SOUTH WINDHAM, CT
Compass Partners Capital LLC (“Compass”) is pleased to announce the signing of a definitive merger agreement to purchase Micro Precision LLC (“MPI”) of South Windham, CT. The Company is a tier-one Level 1/Sub-Safe supplier of critical components for the U.S. Navy’s Virginia and Columbia class submarines.
Stephen Waters, Compass’ Managing Partner said: “MPI serves an important role in supplying critical components for our Navy’s submarine force. Compass is excited to partner with the management team at MPI to support its future growth.” He continued: “Compass and its partners represent a new class of patriotic investors who are deeply committed to the national security of the United States and the vitality of the submarine supplier base in Connecticut and elsewhere around the nation.”
Bob Mongell, MPI’s co-founder and Chief Executive Officer added: “Our team and Compass look forward to supporting Electric Boat and Newport News in the rebuilding and expansion of the US submarine fleet – the highest priority in America’s defense budget.”
Compass, located in Stamford, CT, focuses on defense and aerospace-related investments.