Cleary Gull Inc. (“Cleary Gull”) is pleased to announce that In-Place Machining Company, Inc. (“IPM”) ownership and management have partnered with Platte River Equity (“Platte River”) in a recapitalization of IPM. Cleary Gull acted as exclusive financial advisor to IPM in this transaction.

IPM, (www.inplace.com) founded in 1976 and headquartered in Milwaukee, Wisconsin, is a globally-recognized company providing highly technical, precision on-site machining and measurement services to customers in the power generation, metal production and forming, defense, marine, bridge and infrastructure, aerospace and space exploration, mining, cement, pulp and paper, offshore exploration, and petrochemicals markets.

Platte River, (www.platteriverequity.com) based in Denver, Colorado, is a private equity firm focused on equity investments from $20 million to $80 million in lower middle market operating companies.