Astec Precision (“Astec”) is a leading sub-contract manufacturer of miniature precision machined parts. Based in Cumbria, the business supplies parts from 0.2mm to 32mm in diameter for demanding end markets such as interconnect, aerospace and oil & gas.
Business development during Nevis ownership
In 2015, Nevis acquired a majority stake in Astec Precision from founder and owner Peter Smith. Peter was looking to realise some of the value that he had created in the business and for support to help the business grow. In 2026, Nevis identified Tenuro as a strategic buyer for the business who would support it’s continued growth. After building a solid relationship with the Tenuro team, Nevis sold Astec in September 2026 providing an excellent return to Nevis, co investors and Managing Director, Eddie Young, who remianed with the business.
We have worked with the team at Astec to develop the business. During our ownership this included:
Achievement of the AS9100 accreditation – the global quality standard for aerospace manufacturing.
Investment in new machines and automated technologies to increase capacity by 100%.
Transition to a broader management team and structure.
Recruitment of new Managing Director, introduction of multiple shifts and increase in total staff numbers of c300%.
The introduction of a new shop floor data collection system.
A move to a new facility which increased our manufacturing space from 8,000 to 28,000 sq ft, providing us with the capacity to grow.
New sales and marketing focus including website and rebranding.
Establishment of successful apprenticeship programme and internal training academy.
Increased turnover by more than 200%