About Panek Precision
Panek Precision is an Industrial Goods & Manufacturing company based in Northbrook (United States) founded in 1945 by Chester Panek, and was acquired by Capital For Business in July 2021. Precision CNC machines are supplied to manufacturing industries since 1945. The company has 189 employees. Its focus areas include Industrial Goods and Manufacturing and Manufacturing Services.
Company details
Panek Precision was founded in 1945 by Chester Panek in Northbrook, United States. Operations are conducted as a supplier of precision CNC machines within the manufacturing sector. Equipment and components are provided to support industrial applications requiring high accuracy. The company maintains its base in the United States, focusing on domestic clients in engineering and production fields. Services encompass sourcing and distribution of CNC technology for various operational needs.
- Headquarters Northbrook, United States
- Employees 189
- Founders Chester Panek
- Stage Acquired
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website panekprecision.com
- Social LinkedIn
- Acquired by Capital For Business (Jul 2021)
- Legal Name Panek Precision
- InvestorsCapital For Business
& 3 more
- Employee Count189
- Acquired byCapital For Business
(Jul 2021)
Investors in Panek Precision
Panek Precision has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Capital For Business, Northcreek Mezzanine and Holleway Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Capital For Business is focused on industrial growth investments. | cfb.com | St. Louis, United States | ||
| northcreekmezzanine.com | ||||
Holleway Capital Partners is engaged in private equity investments. | holleway.com | St. Louis, United States | ||
| wellsfargo.com/com/financing/strategic-capital |
Investor details for Panek Precision
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People of Panek Precision
1 people are tracked at Panek Precision (1 in leadership); the tracked headcount is 189.
| Name | Role | Group |
|---|---|---|
Chester Panek | Founder | Leadership |
Complete people profiles for Panek Precision
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- Full employee list
- Team structure
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Timeline of Panek Precision
2 dated milestones of Panek Precision across 76 years, from founding to its latest funding, stage changes and deals.
- Founded Panek Precision is founded.
- Exit Acquired by Capital For Business.
Web traffic of Panek Precision
The website of Panek Precision (panekprecision.com) receives about 1.9K visits a month.
- Monthly visits1.9K
▲ 26.2% vs previous month
Top companies in Contract & Outsourced Manufacturing
3 companies that operate in the same segment as Panek Precision (Contract & Outsourced Manufacturing) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Designer and producer of intelligent products, automotive electronics manufacturing, and logistics services | 1969 | San Jose, California, United States | USD 5.06 M | USD 27.91 B | 56,690 | |
Equipment and parts for HVAC/R industry are supplied. | 1956 | Miami, Florida, United States | USD 7.24 B | 7,290 | ||
Wood-fired grills are manufactured and supplied by Traeger. | 1987 | Salt Lake City, Utah, United States | USD 559.52 M | 666 |
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Frequently Asked Questions about Panek Precision
Panek Precision was founded in 1945.
Panek Precision is headquartered in Northbrook, United States. It is registered at Northbrook, Illinois, United States.
Panek Precision has 189 employees.
Panek Precision was founded in 1945 by Chester Panek in Northbrook, United States. Operations are conducted as a supplier of precision CNC machines within the manufacturing sector. Equipment and components are provided to support industrial applications requiring high accuracy. The company maintains its base in the United States, focusing on domestic clients in engineering and production fields. Services encompass sourcing and distribution of CNC technology for various operational needs.
Panek Precision has 4 investors. Key investors include Capital For Business, Northcreek Mezzanine, Holleway Capital Partners, and Wells Fargo Strategic Capital.
Panek Precision operates through Panek Precision.
Yes. Panek Precision was acquired by Capital For Business in July 2021.