Name of your company?
International Precision Machining, Inc, commonly referred to as IPM.
 
Please describe the product/service your company provides?
IPM provides custom gear components and CNC-machined products manufactured to the customers’ specifications. Industries currently served are construction, forestry, aerospace, defense, oil/gas, mining, agriculture, recreational and high performance automotive. 
 
How does your company impact a specific industry?
IPM’s ability to produce high-precision, quality gearing components fills a niche market that many manufacturers require.
 
Are you a corporation?
We are a privately-owned and operated small business.

Company history

When was the company started and who founded it?
IPM was started in 1992 as a partnership between Dan Meyer and Larry Wilson.
 
When has there been major changes to the produce line or expansions?
- 1998: IPM purchased MST Gear from the Minneapolis-area to bring basic gearing capabilities to IPM.
- 2000: Major building expansion at the Waite Park facility to bring gear-cutting machinery all under one roof.
- 2007: Became ISO 9001 certified.
- 2018: Purchased first gear grinder and upgraded gear inspection equipment.
- 2018: Became AS9100D & ISO 9001:2015 certified.
- 2021: Dan Meyer retires from day-to-day operations and his son, Eric Meyer, purchases a majority share of the business.
 
What is significant/interesting about the history?
- IPM’s team members have an average length of employment of 10.1 years.
- Our facility consists of 30,000 sq. feet accommodating 12 CNC turning centers, 7 CNC milling centers, 8 CNC grinders (OD, IDG, gear grinders, surface grinder), 10 CNC gear cutters, and numerous other supporting equipment.
 
Who are the current owners?
Eric Meyer, Larry Wilson, and Dan Meyer.

Customers

Who are your customers?
OEMs, tier-1 suppliers to OEM, and aftermarket product suppliers.
 
Where are they located?
Our customers are spread out across all of North America.
 
Who do you want for customers?
OEM’s and their supply networks, aftermarket businesses providing products to customers via distribution centers.
 
Who should prospects contact at your company?
Joshua Rodenborg, Sales Manager, joshuar@ipminc.com, 320-656-1241

Current stats

How many people work at your company today?
We employ approximately 50 employees. 
 
How many products/services does your company provide in a month/year, etc?
IPM shipped products to 76 different businesses in 2022.
 
Current certifications? (ISO, etc.)
AS9100D & ISO 9001:2015 certified
 
Other interesting stats?
- Member of the American Gear Manufacturers Association
- Member of the Minnesota Precision Manufacturers Association

Future

Are there currently plans to expand or change?
Yes, there are future plans to increase our square footage but the exact timeline is unclear as of today.
 
What are the future goals for your company?
IPM strives to continue a steady growth pattern year over year.