Precision Equipment

What Precision Equipment does

Precision Equipment is an industrial machine shop headquartered in Portland, Oregon, that repairs, overhauls, and manufactures hydraulic cylinders, hard chrome plated components, and custom machined parts. Founded in 1948 as a Seattle-based crankshaft repair shop, the company has operated for over 75 years from a single Portland facility and serves the US Navy (SUBSAFE/Level 1 qualified), hydroelectric and power generation operators, and heavy industrial manufacturers including steel, pulp and paper, plastic, and aluminum producers.

The company's core technical stack centers on hard chrome plating using the proprietary HEEF© 25 process and TRIPLEX CHROME BARRIER treatment, supported by three large plating tanks (2,900, 1,754, and 900 gallon capacities) capable of plating components up to 267 inches long at 4.5 inch diameter. Complementary capabilities include cylindrical grinding (ID/OD up to 32 inch diameter x 200 inch length), CNC and conventional machining (Mori Seiki NL2500, HAAS TL-3W, and multiple mills), hydraulic cylinder design and reverse engineering with 3D CAD and FEA, and precision dimensional inspection to 50 millionths of an inch. A new HNK HB 130C Horizontal Boring Mill was slated for late 2024 operation to extend heavy-duty boring capacity. The company holds SUBSAFE/Level 1 Navy qualification, QQ-C-320B, and AMS-2460 certifications.

Precision Equipment generates revenue through project-based, quote-driven contracts with no public pricing. The go-to-market motion is direct enterprise field sales supported by an inside sales team; the company does not use intermediaries. Named customers include the US Navy (via NAVSEA, SUBMEPP, AERP, and Trident Refit facilities), Voith Hydro, GE Renewable Energy/Alstom, USACE, Idaho Power, Andritz, and Kaiser Aluminum. All services are delivered from the single Portland facility to regional and national accounts across the US.

Name

Precision Equipment

Legal name

Precision Equipment

Website

https://pei-1.com

Company type

Private

Founded year

1948

Operating status

Operating

Headcount range

11–50 employees

Short description

Precision Equipment is a Portland, Oregon-based industrial machine shop founded in 1948 that repairs, overhauls, and manufactures hydraulic cylinders, hard chrome plated components, and custom machined parts for the US Navy, hydroelectric power, and heavy industrial sectors.

Ownership category

akta.pro rank

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Industrial Parts Repair Services: Precision Equipment provides comprehensive industrial repair services including hard chrome plating, cylindrical grinding, and machining to restore parts to 'like-new' condition. Services are project-based and quote-driven, typically charged per job or component.
2. Custom Manufacturing: Custom manufacturing of hydraulic cylinders, industrial rolls, and specialized components to customer specifications. Design and reverse engineering services included. Revenue generated through one-time manufacturing projects with pricing based on complexity and specifications.
3. Military/Government Contract Work: SUBSAFE/Level 1 qualified manufacturing for US Navy hydraulic accumulator overhaul. Works with NAVSEA and SUBMEPP on Navy's Advanced Equipment Repair Program (AERP) and Trident Refit facilities.
4. Hydroelectric Component Services: Manufacturing, refurbishing, and rebuilding hydroelectric components including hydraulic servo cylinder overhauls for power companies.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Precision Equipment is a full-service industrial machine shop that repairs, overhauls, and manufactures hydraulic cylinders and industrial components. The company provides industrial hard chrome plating, cylindrical grinding, CNC and conventional machining, and engineering/reverse engineering services to restore parts to 'like-new' condition and to manufacture new components to customer specifications across heavy industrial, hydroelectric, and US Navy/military sectors.

Product overview

Precision Equipment is a full-service industrial machine shop offering a unified portfolio of manufacturing and repair services. The core offering combines Industrial Hard Chrome Plating (using HEEF© 25 process with extensive tank capacity), Cylindrical Grinding (ID/OD up to 32" x 200"), CNC & Conventional Machining, and Hydraulic Cylinder services (design, manufacture, and repair). These capabilities are supported by specialized Engineering Services with 3D CAD and FEA, and applied across targeted industry verticals including Hydroelectric (servo cylinder overhauls for Voith, GE, USACE, Idaho Power, Andritz) and Military (SUBSAFE/Level 1 Navy qualification). The company operates as a single integrated operation rather than a platform-plus-modules architecture, where services are combined to deliver complete repair, overhaul, and custom manufacturing solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Hard Chrome Plating

Quantifiable outcome

• Components can be plated up to 267 inches long at 4.5 inch diameter
• +2 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core and minor.

• NAVSEA (Naval Sea Systems Command)coreImplementation/ SI/ Consulting PartnerWorking directly with NAVSEA on the Navy's Advanced Equipment Repair Program (AERP). Precision Equipment is a SUBSAFE/Level 1 qualified manufacturer specializing in hydraulic accumulator overhaul for the US Navy. Works with SUBMEPP and Trident Refit facilities nationwide.
• NASF (National Association for Surface Finishing)minorOthersMember of the National Association for Surface Finishing, an industry organization representing companies involved in surface finishing, plating, and coating. Featured on NASF website.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Curtiss-Wright: Diversified industrial manufacturer serving defense, naval, energy, and process markets with engineered components and systems. Comparable broad incumbent with meaningful overlap in naval/defense and industrial component manufacturing.
• Eaton: Global power management company with a substantial hydraulics business (industrial cylinders, valves, pumps). Comparable broad incumbent serving industrial customers with overlapping hydraulic solutions.
• Sun Hydraulics: Manufacturer of hydraulic valves, manifolds, and integrated packages for industrial and mobile markets. Comparable as a hydraulic components manufacturer serving industrial OEMs, though focused on new components rather than repair/overhaul.
• Bosch Rexroth: Global manufacturer of hydraulic and drive technology, including hydraulic cylinders, pumps, and valves. Comparable broad incumbent in industrial hydraulics with significant scale advantage and broad product portfolio.
• Precision Castparts Corp. Large precision metal components manufacturer serving aerospace, power, and industrial markets (Berkshire Hathaway subsidiary). Comparable as a much larger precision industrial manufacturer with overlapping capabilities in complex machined components.
• Parker Hannifin: Global leader in motion and control technologies with a major hydraulic cylinder and components business. Comparable broad incumbent in industrial hydraulics, though far larger and serving many more end markets than Precision Equipment.

Direct peers

• Metaltek International: Precision metal manufacturing company offering casting, machining, and assembly services for industrial markets. Comparable to Precision Equipment's CNC and conventional machining plus custom manufacturing capabilities serving heavy industrial customers.
• Stainless Foundry & Engineering: Precision metal casting and machining company serving heavy industrial customers. Comparable to Precision Equipment's custom metal manufacturing and reverse-engineering capabilities, with similar mid-sized, project-driven operating model.
• Hydro Inc. Industrial services company specializing in hydraulic equipment repair, overhaul, and field services for power generation and heavy industry. Highly comparable to Precision Equipment's hydraulic servo cylinder and hydroelectric component work, including similar OEM and utility customers.

Regional players

• Vigor Industrial: Pacific Northwest industrial services and shipbuilding company with deep Portland, OR presence. Comparable regional peer with overlapping heavy industrial repair and manufacturing capabilities, including federal/Navy work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/precision_equipment
• LinkedInlinkedin.com/company/precision-equipment-inc.

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

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 Equipment