A high-precision manufacturing company in Largo has been sold, along with its custom-built industrial facility, marking another example of growing demand for U.S.-based manufacturing operations in Tampa Bay.
Precise Technologies Inc., a precision CNC machining company serving aerospace, defense and medical device markets, was acquired by Tampa-based engineer Todd Kuykendall, who also owns another manufacturing company in the region.
The transaction included the company’s 16,800 sq ft industrial building, which was purpose-built to support heavy five-axis CNC equipment.
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The business was founded and operated for 27 years by David and Tara Schwanke, who built Precise Technologies into a close-tolerance manufacturer supplying components for medical analyzers, military aircraft, missile systems and spacecraft.
“This is a state-of-the-art facility designed for extremely high-precision work,” said Edward Valaitis, managing partner at Edison Avenue, who advised the sellers. “The infrastructure alone reflects the complexity of what the company produces.”
A buyer with technical depth
Kuykendall’s aeronautical engineering background and experience operating a Tampa Bay manufacturing company made him a strategic fit, Valaitis said.
“Precise Technologies is well-positioned to continue serving aerospace, defense and healthcare customers,” Kuykendall said. “I’m excited to build on the foundation Dave and Tara established.”
Why this deal happened now
Interest in the company was strong, reflecting broader momentum in domestic manufacturing and nearshoring trends as companies prioritize supply chain reliability and technical specialization.
Valaitis said the firm received inquiries from more than 400 potential buyers, though only a fraction met the financial and operational qualifications required to move forward.
A deliberate exit strategy
Unlike many transactions, the sellers chose not to proceed under a letter of intent.
“We stayed on the market until a full purchase agreement was negotiated,” Valaitis said. “That approach kept leverage balanced and ensured the details were resolved before the business was tied up.”
Closing a 27-year chapter
The sale allows the Schwankes to retire after decades of operating the business.
“After more than 30 years of building this company, being able to step into the next chapter is incredibly rewarding,” David Schwanke said.
As Tampa Bay continues to attract advanced manufacturing investment, transactions like this highlight the region’s role in supporting specialized, high-value production and successful owner exits.
