Uni-World Capital acquires Drake Mfg. Services
Uni-World Capital LP has made a strategic growth capital investment in Drake Mfg. Services Co., a manufacturer of precision CNC machine tools based in Warren, Ohio. In addition to providing capital, Uni-World and its advisory board will provide strategic and operational advice as the company executes its plan.
Drake, which has 90 employees, will continue to be based in Warren. Under the terms of the agreement, Drake's senior management will be significant equity owners in the company and remain in their current positions.
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