Precision Metal Works

What Precision Metal Works does

Precision Metal Works (PMW), founded in 1947 in Louisville, Kentucky and operating as a wholly-owned subsidiary of Live Ventures Incorporated (Nasdaq: LIVE) since 2023, is a US contract manufacturer specializing in metalforming, assembly, and finishing services. Its production footprint spans three Kentucky facilities (two in Louisville and one in Frankfort, acquired in 2019) totaling approximately 400,000 square feet and employing ~250 people. Core capabilities include metal stamping across a 34-press line ranging from 5 presses up to 200 tons through 3 large-bed 1100-ton units, in-house tool design and build with CNC and EDM, multiple welding processes (plasma, MIG, TIG, resistance, decorative stainless, and 'A' surface), value-add operations (assembly, tapping, machining, PEM nut insertion, orbital riveting, TOX/TOG-L-LOC metal joints), and Class A powder coat paint finishing supported by robotic weld cells, press tending, 5 CMMs, and in-die sensors.

The company's customer base spans six end-markets: automotive (primary), appliance (primary), hardware, electrical, electronic, and medical, with IATF 16949 and ISO 9001 certifications supporting automotive and general industrial qualification requirements. Its revenue model is project-based B2B contract manufacturing: parts are produced to customer specifications and drawings under custom PO terms, with early design involvement, forming simulation, reverse engineering, and prototyping offered upstream of production runs. Sales are conducted through direct enterprise field engagement with manufacturing buyers, with no disclosed public pricing and no intermediary or reseller channel.

Ownership history reflects multiple PE/strategic transitions since the founding Lenz family sold to Elemex in 1999: Bartell Global acquired control in 2016, PMW itself acquired Frankfort operations in 2019, and Live Ventures acquired the company for approximately $28 million in 2023, citing the addition of an estimated $75 million annual revenue stream to its steel manufacturing segment. The current operating posture is stable and asset-intensive, dependent on sustained utilization of its press fleet and continued qualification with automotive and appliance OEMs.

Name

Precision Metal Works

Legal name

Precision Metal Works

Website

https://precision-mw.com

Company type

Private

Founded year

1947

Operating status

Operating

Headcount range

101–250 employees

Short description

Precision Metal Works is a Kentucky-based contract manufacturer founded in 1947 providing metal stamping, welding, assembly, and Class A powder coat finishing across automotive, appliance, hardware, electrical, electronic, and medical end-markets. It operates three facilities with 34 presses and ~250 employees and is a wholly-owned subsidiary of Live Ventures Incorporated since 2023.

Ownership category

akta.pro rank

Product category

Contract Metal Manufacturing

NAICS

Forging and Stamping (33211), Special Die and Tool, Die Set, Jig, and Fixture Manufacturing (333514), Other Fabricated Metal Product Manufacturing (3329)

SIC

Metal Forgings & Stampings (3460), Sheet Metal Work (3444)

akta.pro primary industry

Metal Forming & Fabrication Machines (Presses, Bending, Shearing, Stamping) (IMAHADAC)

akta.pro secondary industry

Metal Cutting Tools, Tooling & Workholding (Cutters, Inserts, Chucks, Fixtures) (IMAHADAB)

Keywords

• Metal stamping services
• Contract metal manufacturing
• Precision metal fabrication
• Metal assembly finishing
• Industrial powder coating

Headquarters

HQ city

Louisville

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Metalforming Manufacturing Services: Contract manufacturing services for metal parts including stamping, welding, assembly and finishing. Revenue generated through one-time transactions for custom parts manufacturing based on customer specifications and order volumes.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Precision Metal Works is a contract metalforming manufacturer providing stamping (34 presses ranging from 200 to 1100 tons), welding (plasma, MIG, TIG, resistance, decorative stainless), assembly, and Class A powder coat finishing services. The company serves automotive, appliance, hardware, electrical, electronic, and medical industries across 3 manufacturing facilities totaling 400,000 sq. ft. in Kentucky. It also offers in-house tooling design/build, advanced design engineering, forming simulation, reverse engineering, and prototyping services.

Product overview

Precision Metal Works is a metalforming, assembly, and finishing services provider. Their offering is a unified manufacturing capability that encompasses Stamping (34 presses ranging from 200 to 1100 tons), Advanced Design Services (including forming simulation and prototyping), Tooling (in-house design and CNC/EDM capabilities), Automation (robotic weld cells and CMM inspection), Welding (plasma, MIG, TIG, resistance), Value-Add Operations (assembly, machining, fastening), and Class A Powder Coat Paint finishing. These services are designed for automotive, appliance, hardware, electrical, electronic, and medical industries.

Differentiator

Problem solved

Functional benefit

Products and services

• Metalforming, Assembly and Finishing Services

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• Frankfort OperationscoreOthers · 1 January 2019PMW acquired Frankfort, KY operations to expand manufacturing capacity for stamping and welding.

Scale indicators7 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• D&H Industries: US-based contract metal stamper with welding, assembly, and finishing capabilities serving automotive and industrial markets. Comparable size, vertical integration, and customer mix to PMW.
• Multimatic: Manufactures stamped metal body components, chassis systems, and engineered mechanisms for global OEMs. Direct overlap with PMW's automotive stamping, robotic welding, and assembly profile; serves similar Tier 1 buyer base.
• Shiloh Industries: Specializes in lightweighting and precision engineered metal products, primarily for automotive OEMs. Closely comparable to PMW in automotive-focused metal forming/stamping and joining capabilities, though Shiloh operates at significantly larger scale.
• Martinrea International: Automotive metal forming, chassis modules, and assemblies supplier serving major North American OEMs. Highly comparable business model—contract stamping and assemblies for automotive—with comparable vertical integration and welding/joining capabilities.
• Bocar Group: Contract metal stamping and assemblies focused on automotive, with tooling, welding, and finishing capabilities. Closely comparable mid-tier contract manufacturer serving similar OEM customers.
• Helander Metal Products: Mid-market contract metal stamper with forming, welding, and assembly capabilities serving industrial and automotive customers. Closely aligned size band and vertical integration profile to PMW.

Broad incumbents

• Magna International (Cosma): Through Cosma and body/chassis operations, Magna supplies stamped and assembled metal components to global automakers. Broader portfolio and far larger scale than PMW, but directly comparable metalforming technology and customer base.
• CIE Automotive: Global manufacturer of metal components and subassemblies for automotive and industrial markets via a roll-up platform. Highly comparable model to what Live Ventures is building around PMW—multiple acquired stamping operations across regions.
• Gestamp: Global Tier 1 automotive metal components specialist with stamping, welding, and assembly operations worldwide. Comparable technology stack and end-market, but much larger and more geographically diversified than PMW.
• Tower International (Mubea): Former Tower International, now part of Mubea, supplies automotive stamped and assembled metal components globally. Larger scale and broader geographic reach but same automotive stamping/joining technology.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/precision-mw

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Precision Metal Works