Prince Industries (“Prince”), a leading precision machining and sheet metal fabrication company and HC Private Investments (“HCPI”) portfolio company, today announced that it successfully acquired Vulcan Machine, Inc. (“Vulcan”) in a transaction that will further bolster its aerospace and defense capabilities. Vulcan will continue to be led by its executive team, including Jim Williams and Jim Houser. Terms of the transaction were not disclosed.

Based in Tampa, FL, Vulcan operates an AS9100-certified facility providing tight tolerance precision machined parts to its leading aerospace and defense customers.

“Vulcan Machine is our second acquisition in the growing aerospace and defense market,” said Mark Miller, Chief Executive Officer of Prince. “As we at Prince focus on strategically driving growth through both organic initiatives and acquisitions in the aerospace and defense end markets, Vulcan is an ideal strategic fit given their leading customer base and strong leadership team. I am delighted to partner with Vulcan founder and CEO Jim Williams to support Vulcan's next chapter of growth.”

Jim Williams added, “We were immediately drawn to the opportunity to partner with Prince Industries and HCPI given their strategic vision for our combined companies and their employee-first approach. I am excited to remain a part of this growing organization and to continue our unwavering commitment to our customers.”

Winston & Strawn LLP served as legal counsel to Prince Industries and HCPI. Banking veteran, Tom Elliott of Capstone Partners provided financial advice to Vulcan. Wintrust Financial Corporation provided debt financing for the transaction.