Acquisition opportunity Peninsula Iron Works was acquired by TerraSource Global in June 2024, signaling potential continuity in customer relationships and integration into a larger machining and manufacturing ecosystem that may open cross-sell or collaboration opportunities with TerraSource’s network and portfolio.

West coast capacity With one of the largest machining envelopes on the west coast and a 100 year history, Peninsula Iron Works can handle complex, high-mix, high-precision projects that larger shops may avoid, presenting a channel for expanded service lines to regional manufacturers needing specialized fabrication and engineering.

Engineering in-house In-house stamped engineers enable design-build capabilities and re-engineering of existing equipment, creating a selling point for customers seeking turnkey solutions, rapid prototyping, or retrofit projects without relying on external design partners.

Tech stack leverage Current tech stack (ERP/CRM, CAD/CAM, cloud platforms) supports scalable manufacturing and data-driven project management, offering opportunities to upsell digital workflow solutions, integration services, or modernization packages to clients seeking greater efficiency.

Growth tiers Revenue in the $1M–$10M range and a lean employee base indicate potential for tiered service expansion, such as targeted high-margin fabrication, aftermarket service contracts, and equipment rebuilds for mid-market manufacturers seeking cost-effective, reliable partners.