January 15, 2020 – Consolidated Machine & Tool Holdings, LLC (“CMTH”), a portfolio company of White Wolf Capital (“White Wolf”), is pleased to announce the acquisitions of RLS Machining, Inc. (“RLS”), Mill Creek Machining, Inc. (“MCM”), and Murphy Machine Products, Inc (“MMP”).
In conjunction with these acquisitions, CMTH was recapitalized to better position it for additional acquisitions and continued growth. All three transactions closed simultaneously on January 15, 2020. Details of the transactions were not disclosed.
Elie Azar, Managing Director of White Wolf, noted “We are excited to partner with the management teams of RLS, MCM and MMP. This transaction will provide all CMTH companies with access to additional capital and resources to support further growth and better serve our valued customers”.
CMTH is a platform holding company formed in 2017 by White Wolf Capital to acquire industry leading manufacturers specializing in precision machining, fabrication, assembly, and design of highly engineered components.
In June 2017, CMTH acquired Anaheim-based Astro-Tek Industries, Inc. a precision machining company focused on the aerospace, defense, space/satellite and industrial sectors.
In February 2018, CMTH acquired LCP Machine, Inc. located in Bunnell, Florida. LCP is focused on a number of industries including aerospace, defense and industrial sectors.
CMTH companies are AS9100, ISO9001 and ITAR certified/registered. CMTH has a seasoned management team across all locations with significant experience serving various blue chip customers across multiple industries. For further information, please visit: www.cmth.com.
MCM, founded by Justin Stamer in 2001, provides contract machining and assembly services for industrial manufacturing customers nationally. MCM is ISO 9001 certified and specializes in large lathe work and maintaining on high-quality standards for its customers. Employees are all highly skilled and capable of working with a variety of materials. MCM has two facilities in Iowa which are located in Paullina and Spencer. For further information, please visit: www.millcreekmachining.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.