May 31, 2015 – White Wolf Capital (“White Wolf”) is pleased to announce a recapitalization of Technicut Tool, Inc. (“Technicut”). Details of the transaction were not disclosed.
Elie Azar, Managing Director of White Wolf, noted “Technicut is truly an exceptional company that provides high precision machined products to blue-chip customers globally. We are proud to partner with the management team and are committed to providing the necessary resources to support further expansion”.
Dino Civiero, CEO of Technicut, commented, “The management team at Technicut has positioned itself for growth in the field of precision machining and we are looking forward to the advantages that partnering with White Wolf will bring, to make this a reality. The financial and industry experience of the White Wolf team coupled with Technicut’s in-depth knowledge and commitment to manufacturing excellence will ensure our success in meeting and exceeding our future goals”.
Capital Assist Valuation, Inc. (“Capital Assist”) and NewPoint Capital Partners, Inc. (“NewPoint”) served as exclusive financial advisors to Technicut. Federica Nazzani, President of Capital Assist, commented, “Capital Assist and NewPoint are pleased to have served on the transaction team to strategically best-position Technicut to capitalize on the opportunities available to expand their business and secure the next level of success”.
Technicut is a manufacturer of high-precision, machined metal components, primarily used in the oil & gas industry. Technicut is located in Windsor, Canada. For further information, please visit: www.technicuttool.com.
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.