CHARLOTTE, N.C.--(BUSINESS WIRE)--May 5, 2026--
Compass Precision, LLC (“Compass”), a Charlotte-based, manufacturer of custom precision metal components announced today that it has acquired Accu-Tool, LLC (“Accu-Tool”), a North Carolina-based CNC machining provider.
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Based in Apex, North Carolina, Accu-Tool manufactures complex precision components for customers across the aerospace, medical, semiconductor, and industrial markets, supporting both prototype and production needs.
This acquisition continues a longstanding relationship between the organizations. In 2019, Compass Precision was formed through the acquisition of three Charlotte-area machine shops (Advanced Machining & Tooling, LLC, Quality Products & Machine, LLC, and Tri-Tec Industries Inc.) which were previously part of the same ownership group as Accu-Tool, ZP Enterprises.
“Our relationship with the Accu-Tool ownership group goes back to the very beginning of Compass Precision, making this a natural full-circle moment for the organization. Accu-Tool has developed into a highly capable precision machining business with strong growth potential, and we are excited to add them to our family of operating companies,” said Bill Canning, President & CEO Compass Precision.
Since that time, Accu-Tool has continued to evolve, expanding from a prototyping-focused business into a scalable production manufacturing partner through continued investment in equipment, talent, and customer relationships.
“Accu-Tool has always been known for its prototyping expertise, and over the years we have expanded into production manufacturing,” said Greg Stone, President of Accu-Tool. “We are proud of the business we have built, and we believe this next chapter with Compass will support continued growth while maintaining the culture that defines our company.”
Accu-Tool becomes Compass’s 11 th operating company, gaining access to additional resources, capital investment, and complementary manufacturing capabilities to better serve existing customers and pursue new opportunities.
“We’ve known the Compass team for several years, and that familiarity made this a natural fit. As we considered the next chapter for Accu-Tool, partnering with a team we trust and respect felt like a natural extension of our long-standing relationship,” said Brent Zelnak, President of ZP Enterprises.
Accu-Tool will continue to operate from its Apex, North Carolina facility, with its leadership team and employees remaining in place. The business will operate as part of the Compass Precision platform while maintaining its customer relationships and day-to-day operations.
Compass Precision continues to invest in equipment, systems, and talent across its growing network of operating companies, serving a diverse set of customers in aerospace & defense, space, medical, industrial, energy, telecommunications, and semi-conductor markets.
About Accu-Tool, LLC
Accu-Tool, LLC is a precision CNC machining company based in Apex, North Carolina. Founded in 1982, the company specializes in the manufacture of complex precision components, supporting both prototype and production needs across aerospace, medical, semiconductor, and industrial markets.
About Compass Precision, LLC
Founded in 2019, Compass executes a disciplined buy-and-build strategy, partnering with founder- and family-owned companies to drive long-term value creation. The company leverages strategic capital investment, centralized resources, and operational best practices to scale its national footprint and expand capabilities in complex precision machining.
Since 1982, Accu-Tool has provided solutions and quality parts to leading medical, aerospace, semi-conductor, robotics, pharmaceutical, electronics, research and development companies, as well as universities.
CAIRO (AP) — A projectile struck a passenger terminal at the international airport in Riyadh on Sunday, a day after a missile hit the same terminal and killed 12 people, the Saudi-led coalition fighting Iran-backed Houthi rebels in Yemen said. The Houthis claimed responsibility for those attacks and others.
Saudi authorities said there were injuries in the latest attack on the King Khalid International Airport complex for terminals 3 and 4 for domestic flights. Saturday’s missile attack was the deadliest in a Gulf Arab nation since the Iran war began, with another 300 people wounded, some critically. The airport was still closed Sunday.
The sharp escalation in the new front in the war threatens to draw in greater U.S. military involvement, as President Donald Trump has said he is weighing joining the fight against the Houthis. There was no immediate White House comment Sunday.
The latest strike in Riyadh came shortly after the Houthis said the airport in the rebel-held Yemeni capital of Sanaa had been struck again, and blamed the Saudis.
At stake, again, in this escalation are global supplies and prices of oil as well as commercial shipping through a crucial alternative waterway to the Iran-threatened Strait of Hormuz — along with civilians and aviation throughout the region.
Trump on Saturday also said he planned to speak with Saudi Crown Prince Mohammed bin Salman, who has been seeking assistance.
A U.S. intervention could prompt the Houthis to halt shipping through the Bab el-Mandeb Strait at the southern end of the Red Sea off Yemen and further restrict the flow of oil out of the Persian Gulf. The rebels seized key areas along the strait last month and the Saudi-led coalition has been trying to seize them back.
Saudi Arabia is running low on missile interceptors and has asked France, Britain, Pakistan and Egypt to deploy air defense support to the region, regional officials told The Associated Press last month, with one noting that the U.S. has seen its own stock dwindle during the war with Iran.
Sunday’s attack occurred as the Saudis hosted a major international energy conference in Riyadh, with other high-profile events including an investment gathering on the horizon. Saudi Arabia under Crown Prince Mohammed bin Salman has sought to open more to the world as a business and tourism destination, but the Houthi attacks threaten those efforts.
“There is no way that somebody will break our back. We are like a phoenix, we come out of the ashes all the time,” the Saudi energy minister, Prince Abdulaziz bin Salman Al Saud, told the conference.
He added that the kingdom is also working on pipelines in addition to the East-West one that was attacked and closed for days last month, with no details.
Earlier Sunday, the Houthi-run health ministry said a child was killed and six people wounded in a suspected Saudi airstrike on a house in Sanaa. The ministry also said 91 Yemenis have been killed by the Saudi-led coalition in five weeks, 60% of them women and children.
There was no immediate comment from Saudi authorities on the claims.
On Sunday, the Houthis also claimed attacks on King Fahd Airport in the city of Damma, as well as oil and gas facilities in the kingdom's east. They have targeted the Riyadh airport, which has no military facilities, every day since Wednesday.
The rebels again warned “all airlines, experts, employees, workers and travelers against using Saudi airports and airspace, as they are vulnerable to attack and have become a theater of operations for our forces." Several international airlines have suspended flights for varying periods.
Brig. Gen. Yahya Saree, the group’s military spokesperson, wrote on X that airports in the holy cities of Mecca and Medina, however, were exempt. The kingdom earlier called Mecca a “red line.”
A Saudi statement said the dead in Saturday's attack included four Saudi citizens, two Bangladeshi nationals, a Palestinian, a U.S. citizen, an Egyptian, a Jordanian, a Syrian and a Sudanese.
The Egyptian woman was a flight attendant identified as Azza Ramzy, who worked for Saudi airline Flynas, according to Egyptian state-run TV.
The Syrian woman was a widowed mother of four who had been living in Saudi Arabia for five years, relative Nisreen Oweida told The Associated Press. The Syrian Embassy identified her as Buthaina Ahmad Oweida.
Until recently, the Houthis had been largely on the sidelines of the Iran war, but they have developed their military capabilities in recent years to become one of Tehran's most powerful allies. Now, the rebels are helping Iran to pressure a key U.S. ally.
The Saudis and the Houthis began fighting in 2015, when the kingdom entered Yemen’s civil war on behalf of the internationally recognized government. Relative calm after a 2022 ceasefire ended in July when the Houthis resumed attacks, saying the Saudis fired on the Sanaa airport as a plane from Iran was trying to land.
That revived anger over the Saudi-led blockade that has largely isolated Houthi-run areas. The Houthis say they have now imposed a blockade on Saudi Arabia.
Fighting has escalated, with the Saudi-led coalition providing air support for Yemeni government forces attempting to reverse recent Houthi gains near the Bab el-Mandeb, a crucial alternative to the Strait of Hormuz, where Iran has been attacking ships.
But Ahmed Nagi, the International Crisis Group’s senior analyst for Yemen, said the Houthi pressure tactics could backfire. “Rather than pushing Riyadh to step back, attacks on critical Saudi infrastructure could make the Saudis more determined to continue the campaign,” he said.
A previous version of this report has been corrected to show that the Egyptian killed in the strike was a woman, not a man.
Frankel and Anna reported from Jerusalem. Associated Press writers Victoria Eastwood in Cairo, Collin Binkley in Washington, Sally Abou AlJoud in Beirut and Omar Albam in Maarat al-Numan, Syria, contributed to this report.
People gather outside a metro station on the road to King Khalid International Airport in Riyadh, Saudi Arabia, Saturday, Oct. 10, 2026. (AP Photo)
People gather outside a metro station on the road to King Khalid International Airport in Riyadh, Saudi Arabia, Saturday, Oct. 10, 2026. (AP Photo)
This image from video obtained and verified by AP shows thick black smoke and flames rising from a fire at King Khalid International Airport in Riyadh, Saudi Arabia, Friday, Oct. 9, 2026. (UGC via AP)
