Thor Precision, Inc. has been acquired by STAR Turbine, Inc., a portfolio company of Mangrove Equity Partners

Thor Precision, Inc. (“Thor” or the “Company”) has been acquired by STAR Turbine, Inc. (“STAR”), a portfolio company of Mangrove Equity Partners. EdgePoint served as the exclusive financial advisor to Thor on the transaction. Financial details were not disclosed.

Based in Greenville, South Carolina, Thor is a leading designer and manufacturer of mission-critical precision components for the power generation industry. The Company’s technical expertise and manufacturing solutions are key to its ability to serve customers throughout the United States and internationally.

STAR is a leading manufacturer of custom, aftermarket, replacement parts for steam and gas turbines in the power generation and industrial end markets.

Mangrove Equity Partners is a Tampa, Florida-based private equity firm investing in middle market companies who operate in the industrial sector focused on manufacturing, distribution, and services.

EdgePoint is a leading investment banking firm focused on providing middle market businesses with merger and acquisition advisory services.