Aero Precision, Tacoma
The name certainly suggests its aerospace heritage, but Aero Precision today focuses on another product requiring sophisticated manufacturing and razor-thin tolerances. That would be firearms components. Aero Precision has spent more than $11 million on new equipment and custom tooling, all of it made in house. It also has been on a growth tear in the past three years since a Miami-based private equity firm bought a majority stake in 2013. Revenues have grown fivefold to more than $50 million, employment has jumped from 40 workers to 170 and Aero Precision has made three acquisitions.