Firm News

CMTH acquires Delva Tool & Machine, Inc.

September 30, 2020 – Consolidated Machine & Tool Holdings (“CMTH”), a portfolio company of White Wolf Capital (“White Wolf”), is pleased to announce the acquisition of Delva Tool & Machine Corp (“DTM”), owned by Stephen Voellinger.



This acquisition brings leading blue-chip customers in the defense industry, state of the art manufacturing capabilities through the use of advanced robotics and adds further capacity to CMTH’s existing nine locations. The acquisition benefits DTM by providing access to capital, supporting their continued growth, and future growth opportunities. Details of the transaction were not disclosed.

Sean Lafferty, CFO of CMTH, noted, “We are pleased to welcome Delva Tool and Machine to the CMTH family. Their expertise in automation and complex defense components is an excellent addition to our current capabilities. We look forward to working with the Delva team”.

Elie Azar, a Managing Director and CEO of White Wolf, noted, “We are very excited to welcome Delva into the CMTH family and look forward to a great future together.”

About CMTH

CMTH, started by White Wolf Capital, LLC in early 2017, is a platform holding company comprised of industry leading manufacturers specializing in precision machining, fabrication, assembly, and design of highly engineered components. CMTH locations are AS9100, ISO:9001, and ITAR certified. CMTH has a seasoned management team with experience serving various blue chip customers across multiple industries. For further information, please visit: www.cmth.com.

About DTM

DTM, founded by Stephen Voellinger Sr. in 1962, and run by Stephen Voellinger Jr. since 1994, provides contract machining, fabrication, engineering and complex assembly services for top aerospace & defense customers nationally. DTM boasts an experienced team of engineers, machinists, and programmers with experience in advanced robotics, milling, and lathe machining across various types of metals. DTM is located in Cinnaminson, NJ. For further information, please visit: /www.delvatool.com.

CMTH Criteria

CMTH is actively seeking add-on acquisition opportunities that meet the following criteria:

  • Revenue of $5 million to $50 million.
  • Specializing in contract precision machining, fabrication, assembly, and design of highly engineered components.
  • Serving the aerospace, defense, medical, heavy industrial, power, agricultural as well as other end markets.
  • Certified by: AS9100, ISO:9001, and/or ITAR
  • Tier-1 or Tier-2 supplier status
About White Wolf

White Wolf is a private investment firm that began operations in late 2011 and is focused on management buyouts, recapitalizations and investments in leading middle market companies. White Wolf seeks both private equity and private credit investment opportunities in companies that are headquartered in North America with $20 million to $200 million in revenues and up to $20 million in EBITDA (smaller for add-ons). Preferred industries include manufacturing, business services, information technology, security, aerospace and defense. For further information, please visit: www.whitewolfcapital.com.

 


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