White Wolf Capital LLC (“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.
About Capital Assist
Capital Assist is a leading, independent business and transaction advisory practice established to assist clients in meeting their strategic and growth objectives in the areas of transactions, restructuring, valuation and strategic planning. For further information, please visit: www.capitalassist.ca.
NewPoint is a leading middle market mergers and acquisitions firm, serving business owners who are interested in selling all or part of their company or who are seeking a private equity recapitalization. For further information, please visit: www.newpoint.ca.
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 defense. For further information, please visit: www.whitewolfcapital.com.