IDL Precision Machining has been acquired by Cadrex Manufacturing Solutions

September 2022 — The shareholders of IDL Precision Machining (IDL) have sold the company to Cadrex Manufacturing Solutions (Cadrex).

Based in Mukilteo, Washington, IDL offers CNC machining, including horizontal milling, vertical milling and turning, to serve customers from initial design and concept engineering through product development, prototyping and qualification to full-scale production. As a result, IDL is considered a key development partner for its customers, often securing single-source positions on prominent high-growth platforms and mission-critical applications in the aerospace and defense and industrial end markets. Within the aerospace and defense end market, IDL serves a variety of sub-segments and applications, including C4ISR, electronic warfare, space, commercial avionics, aircraft controls, interiors and in-flight entertainment. Founded in 1987, IDL operates an AS9100- and ISO 9001-certified and ITAR-registered facility, with a fleet of over 50 machines.

Cadrex is a leading provider of complex sheet metal and machined production parts, assemblies and weldments for a variety of end markets, including aerospace and defense, information communication technology, energy transmission and distribution, food production and agriculture, medical, material handling, and electronic gaming and kiosk. With locations in eight states and Mexico, Cadrex offers comprehensive in-house manufacturing capabilities, including laser cutting, sheet metal fabrication, injection molding, electromechanical assembly, CNC punching, CNC machining, robotic welding, stamping, fastener insertion, and tool and dye manufacturing, to effectively serve customers with lights-out manufacturing capabilities from low- to high-volume production.

Our role in the transaction

Oaklins Janes Capital, our aerospace, defense & security team in Irvine, California, advised IDL Precision Machining on its sale to Cadrex Manufacturing Solutions, a portfolio company of CORE Industrial Partners.