Capital Assist (Valuation) Inc. (“CAV”) together with NewPoint Capital Partners, Inc. (“NewPoint”) served as exclusive financial advisors to Technicut Tool, Inc. (“Technicut”), a Windsor-based manufacturer of high-precision machined metal components, on its majority sale to White Wolf Capital LLC (“White Wolf”).
To recapitalize the business and provide financial and operating resources to facilitate the Company’s continued growth, CAV and NewPoint identified the structure that would best align the interests of the shareholders with a new equity partner. This resulted in management retaining a meaningful interest in the business while positioning the Company for significant growth.
Technicut is a low-to-medium volume supplier of mid-to-high complexity machined components, fabrications and assemblies for the energy, aerospace, defense, electronics and medical industries. Since starting its operations in 1993, Technicut has evolved into a trusted supplier to its Tier 1 customers for complex machined component, exceling in intricate CNC precision machining using all types of materials. Technicut’s state of the art CNC turning technologies are equipped with 12 station turrets with live tooling, steady rests and a 5-axis turn system.
About White Wolf
White Wolf is a private equity 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 looks to invest in companies that are headquartered in North America with $10 million to $100 million in revenues and up to $15 million in EBITDA. Preferred industries include manufacturing, business services, information technology, security, aerospace and defence.
Source: White Wolf Capital LLC