October 23, 2020 – Consolidated Machine & Tool Holdings (“CMTH”), and Canadian-based Technicut Tool (“Technicut”), both portfolio companies of White Wolf Capital (“White Wolf”) are pleased to announce the successful consolidation of Technicut into CMTH.
This combination will be strategically and tactically beneficial to both companies and will accelerate their growth initiatives. For CMTH, Technicut opens the door to the Canadian aerospace & defense markets, brings leading blue-chip customers, and expands CMTH’s manufacturing with complex 5-axis machining and EDM machining capabilities. The combination benefits Technicut by providing access to the U.S. market, significantly expanding their future growth opportunities. Details of the transaction were not disclosed.
CMTH, started by White Wolf Capital 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.
Technicut is a manufacturer of high-precision, machined metal components, serving the primarily the energy and aerospace & defense industries globally. Technicut is located in Windsor, Canada. In May 2015, Technicut was recapitalized by White Wolf to support the continued growth and expansion of the business. For further information, please visit: www.technicuttool.com.
CMTH is actively seeking North American add-on acquisition opportunities that meet the following criteria:
White Wolf Capital is a private investment firm that began operations in late 2011 and is focused on making both direct and indirect investments in leading middle market companies located in North America.
On the direct side, White Wolf Capital seeks both private equity as well as private credit investment opportunities in companies with $20 million to $200 million in revenues and up to $20 million in EBITDA. Typical situations include, management buyouts leveraged buyouts, recapitalizations and investments for growth. Preferred industries include manufacturing, business services, government services, information technology, security, aerospace and defense.
In addition to making direct investments in operating companies, White Wolf Capital also looks to invest with other private fund managers as a limited partner. Targeted investment candidates are North American focused private credit funds looking to raise $50 million to $500 million in assets under management, with a focus on the lower-middle and middle-market. For further information, please visit: www.whitewolfcapital.com.