On March 21, private equity firm Auxo Investment Partners announced that its client Precision Products Group (PPG) — an Indianapolis-based manufacturer of precision-machined components — has acquired of Saylor Technical Products. Financial terms of the transaction were not disclosed. The acquisition is PPG’s second under the ownership of Auxo, which acquired PPG from Browns, Gibbon & Lang in September 2020.

Founded in 1901, Saylor Technical Products has been a manufacturer of flexible, non-metallic wire and hose protection for over a century. Saylor’s product offering includes loom, sleeving and various tapes. Based in Grand Rapids, Ohio, Saylor serves the automotive, electrical, industrial, and aerospace and defense industries. Saylor’s products are often used in motor vehicle, heavy equipment, marine and recreational vehicle applications, according to the company’s website.

“Saylor’s core competencies of producing and selling products to the aerospace and motor and transformer industries will complement PPG’s aim of becoming a holistic solutions provider to its current customer base,” Saylor owner Mike Zuber said in a news release.

Saylor joins Paramount Tube, Breyden Products, Euclid Medical Products and Fusheng Insulation Materials under the PPG brand.

“We are excited to welcome Mike and his highly skilled team at Saylor to the PPG family,” PPG CEO Chad Heathco said in the release. “Their extensive expertise and strong track record of developing innovative and reliable technical solutions will further enhance PPG’s ability to meet its customers’ needs and bolster its current growth trajectory.”

“We are always looking for partners who share our values and deliver exceptional customer experiences,” Auxo co-founder and Managing Partner Jeff Helminski said in the release. “Mike and his team at Saylor embody these principles, and we are excited to see how their manufacturing expertise and commitment to customer satisfaction will help PPG continue to thrive in the market.”

With the addition of Saylor, Auxo has acquired 20 companies, according to the release. Last month, Auxo acquired TACK Electronics and Morgan Royce Industries, two wire and harness cable assembly manufacturers that joined Golden State Assembly in Auxo’s Wire Harness and Cable Manufacturing platform.