Laser Manufacturing Has Acquired Centex Machining, Inc.
AUSTIN, TEXAS (September 13, 2019) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce that the assets of Centex Machining, Inc. (“Centex Machining”) have been acquired by Laser Manufacturing, Inc. (“Laser Manufacturing”). Statesman served as the exclusive financial advisor to Laser Manufacturing throughout the transaction, which closed August 12, 2019.
Centex Machining provides precision contract manufacturing services for the medical device, aerospace, semi-conductor and energy industries. Centex Machining has been in business over 40 years and has earned a reputation for high-quality, cost-competitive service. The Company is FDA registered and holds AS 9100D, ISO 9001, and ISO 13485 certifications.
Laser Manufacturing has been in business over 25 years and serves the semiconductor and Department of Defense affiliated industries. The Company has grown steadily and enjoys an excellent reputation for quality and service across a broad customer base. All procedures are governed by a quality system which is enforced in compliance with the AS9100D Aerospace standard, utilizing the latest in CNC equipment and precision measuring devices (CMM) to ensure extremely high accuracy and tolerances.
The combination of the Centex Machining and Laser Manufacturing operations will result in an extremely qualified, well-managed company, providing the highest quality products and service to a diverse customer base.
Laser Manufacturing President Marcelo Draguicevich stated,
“We are excited to have acquired Centex Machining and the combined operations will share best practices, enabling us to provide our customers with premium products and the best customer service.”
Vice President and Quality Engineer Oscar Draguicevich also commented,
“Each company is outstanding in their industry segment and the combined operation will provide an expanded offering of the highest quality engineered products to the overall customer base. We’re excited about the increased capabilities we can now offer to each customer.”
About the other transaction participants
Statesman Corporate Finance, LLC advised Laser Manufacturing, Inc. in this transaction and is the FINRA licensed broker dealer affiliate of Statesman Business Advisors, LLC. With offices in Houston and Austin, Texas, Statesman is a leading middle-market investment banking firm providing merger and acquisition, capital formation, valuation, and other general corporate financial advisory services to middle-market companies. The Statesman advisor on this engagement was Managing Director Phillip Wilhite of Statesman’s Austin office.
Comerica Bank (Austin, TX) provided financing to Laser Manufacturing in connection with the transaction.
Sneed, Vine & Perry, P.C. (Georgetown, TX) provided legal counsel to Laser Manufacturing.