Deal Announcement
August 14, 2020 – Consolidated Machine & Tool Holdings (“CMT”), a portfolio company of White Wolf Capital (“White Wolf”), is pleased to announce the acquisition of Specialty CNC (“Specialty”), led by Roger Shoufler and Mike Baker. This acquisition brings additional manufacturing capacity to CMT, and their advanced CNC equipment run by talented machinists enhances the capabilities of the CMT family of companies. The acquisition benefits Specialty by providing access to capital, supporting their continued growth, and last but not least, further growth opportunities and enhanced benefits for our most valued assets – our employees. Details of the transactions were not disclosed.
Sean Lafferty, CFO of CMTH, noted, “We are excited to have Specialty join our team. Both companies have talented management and staff, and we look forward to helping them grow and further develop their businesses”.
Elie Azar, a Managing Director and CEO of White Wolf, noted, “We are really excited to partner with the talented folks at Specialty and look forward to supporting their continued growth. With the addition of Specialty to the CMT family, CMT has closed on five add-on acquisitions this year alone. We are enthusiastic about CMT’s continued growth and what this means for our employees and customers.”
Generational Equity served as exclusive financial advisors to Specialty.
About CMT
CMT, 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. CMT locations are AS9100, ISO:9001, and ITAR certified. CMT has a seasoned management team with experience serving various blue chip customers across multiple industries.
About Specialty CNC
Specialty, founded by Mike Baker and Roger Shoufler in 1998, provides contract machining and complex assembly services for the defense (Navy), aerospace, and medical industries. Employees are all highly skilled and capable of machining and programming. Specialty can also machine all types of metals and plastics. Specialty is located in Bloomington, IN. www.specialtycnc.com
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. In general, White Wolf seeks both private equity and private credit investment opportunities in companies that are headquartered in North America with $10 million to $100 million in revenues and up to $10 million in EBITDA. Preferred industries include: manufacturing, business services, information technology, security, aerospace and defense. For further information, please visit: www.whitewolfcapital.com.
CMT Actively Seeking Acquisitions
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
Please contact us to discuss potential acquisition candidates.
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