precisionAbernathy MacGregor Group is providing outside PR counsel to Precision Castparts as the aerospace components maker inks a deal to be sold to Berkshire Hathaway for $32.3B.

The $235-per-share deal marks Warren Buffett's largest takeover and news of the Berkshire Hathaway investment in the industrial sector buoyed US markets Aug. 10.

In a statement, Buffett said he has long admired PC, which he called the "supplier of choice for the world's aerospace industry, one of the largest sources of American exports."

The parties expect the deal to close in the first quarter of 2016 after antitrust and shareholder approval. Precision will remain based in Portland, Ore., and keep its name.

Abernathy MacGregor vice chair Ian Campbell and VP Joe Hixon, both based in Los Angeles, are advising Precision on the PR front in the transaction.