Precision Gun Works began as Columbia Precision Woodworking in Uvalde, Texas in 1979. Charlie Jones purchased the business and began making precision-machined buttstock patterns using his personal rifle collection for models. Charlie worked with his son, Gary, and the business stayed small.

Charlie and Gary added other rifle and shotgun stocks to the line, moving the business to Kerrville, Texas and expanding the manufacturing facility. In 1993 the pair purchased a highly precise, state-of-the-art, twelve-spindle Italian carving machine, and the business really took off. Charlie discovered that his real love is in the gunsmithing end of things, while Gary excelled at the exacting work of pattern-making and machining. PGW grew as its reputation for finely crafted semi-finished buttstocks spread among the gunsmithing and firearms collecting communities.

In 1998 Gary purchased the business from Charlie. Equipment and manufacturing techniques have been continually updated and improved through the years, resulting in ever-finer quality replacement stocks. Precision Gun Works has refined the production of smooth, precisely inletted American Black Walnut gunstocks, and markets several thousand pieces each year.