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.”
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.
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 is actively seeking 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.