ONCAP acquires Precision Global from Peak Rock Capital

ONCAP, the mid-market investment arm of Canadian private equity firm Onex Corp, has acquired Precision Global, a Greenville, South Carolina-based maker of dispensing solutions. Terms weren't disclosed. The seller was Peak Rock Capital, which acquired the company in 2015. Founded in 1949, Precision produces aerosol valves, custom actuators and other dispensing solutions for a range of end markets, including personal care, household, food and beverage, industrial and pharmaceutical. ONCAP IV, which raised US$1.1 billion in 2016, invested about US$111 million in the deal. ONCAP said it will support management efforts to grow Precision organically and through acquisitions.

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