Empowered Ventures, an employee-owned holding company based in Carmel, Indiana, has acquired Firstar Precision Corp., a precision machining company that serves the medical, aerospace, food processing, industrial assembly and hydraulics industries.
Founded by David Tenny in 2000 and based in Brunswick, Ohio, Firstar manufactures custom components using high precision CNC mills, turning centers, wire EDM, gear shaping and laser etching machines. Firstar’s talented and tenured workforce has enabled the company to develop a reputation among its customers and within the industry for machining exceptionally tight tolerances and providing outstanding service.
With the acquisition, Firstar’s employees join the Empowered Ventures ESOP, which owns 100% of Empowered Ventures and its operating companies. Empowered Ventures brings strategic assistance and resources to support Firstar's continued growth and success. Joining Empowered Ventures reinforces Firstar’s commitment to excellent service and quality and enables the company to continue expanding its capabilities.
