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  6. Smith Whiley and Cognitive Capital Partners Acquire Tooling Tech Group

M&A Deal Summary

Smith Whiley and Cognitive Capital Partners Acquire Tooling Tech Group

On October 1, 2006, Smith Whiley and private equity firm Cognitive Capital Partners acquired machinery company Tooling Tech Group from River Associates

Acquisition Highlights
  • This is Smith Whiley’s 1st and Cognitive Capital Partners’ 1st transaction in the Machinery sector.
  • This is Smith Whiley’s 2nd and Cognitive Capital Partners’ 1st transaction in the United States.
  • This is Smith Whiley’s 1st and Cognitive Capital Partners’ 1st transaction in Ohio.
Investment Fate
  • Tooling Tech Group was recapitalized in 2012.
  • Tooling Tech Group was sold to a consortium of financial buyers in 2014.
  • Tooling Tech Group was recapitalized in 2017.

M&A Deal Summary
Date 2006-10-01
Target Tooling Tech Group
Sector Machinery
Buyer(s) Smith Whiley
Cognitive Capital Partners
Sellers(s) River Associates
Deal Type Secondary Buyout

Target

Tooling Tech Group

Fort Loramie, Ohio, United States
Tooling Tech Group is a supplier of high-quality tooling for a variety of material forming processes including: thermoforming, twin-sheet and single-sheet vacuum forming, pressure forming, compression molding, rotational molding, blow molding, resin transfer molding, rubber and polyurethane molding, carpet and metal stamping, foundry tooling and pulp molding. The full range of in-house capabilities, including patterns, models, cast tooling, finishing, CNC machining as well as design and engineering, provides customers with a complete, one-stop solution for their tooling needs. Tooling Tech Group was formed in 1982 and is based in Fort Loramie, Ohio.

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Buyer(S) 2

Buyer

Smith Whiley

Hartford, Connecticut, United States
Category Private Equity Firm
Founded 1994
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Smith Whiley & Co. is a generalist private equity firm focused on equity and subordinated debt investments in mid-sized businesses located throughout the US. Smith Whiley was formed in 1994 and is based in Hartford, Connecticut.

DEAL STATS #
Overall 2 of 9
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 1 of 3
State (Ohio) 1 of 1
Country (United States) 2 of 9
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-29 Aerovox

New Bedford, Massachusetts, United States

Aerovox is a manufacturer of AC film capacitors in North America.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-17 VanDeMark

Lockport, New York, United States

VanDeMark is a provider of specialty and custom chemicals focusing on phosgene production and phosgene-related chemistry. These products are used in pharmaceuticals, agricultural chemicals, polymers, sealants, coatings, and biocides. VanDeMark was founded in 1951 and is based in Lockport, New York.

Buy -
Buyer

Cognitive Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Cognitive Capital Partners LLC is a private equity firm focused on investing in human, organizational and intellectual capital companies located in the US. The Firm seeks middle market companies with EBITDA of $3 to $20 million and invests up to $150 million per transaction (co-invests in the case of larger transactions). Specific areas of interest include professional and human services, marketing services, asset management, healthcare services, consumer product design, branding and manufacturing, insurance and financial services, predictive analytics, and security services. Cognitive Capital Partners LLC was formed in 2006 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 10
Sector (Machinery) 1 of 3
Type (Secondary Buyout) 1 of 2
State (Ohio) 1 of 4
Country (United States) 1 of 10
Year (2006) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 VSA

Chicago, Illinois, United States

VSA is an integrated marketing service company providing a complement of digital and brand strategy, design, and consumer activation strategy. VSA creates brand programs and initiatives across the B2B and B2C omnichannel. The agency’s capabilities span a suite of integrated services encompassing design, strategy, branding, marketing, and digital activation. VSA was founded in 1982 and is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

River Associates

Chattanooga, Tennessee, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

River Associates is a private equity firm that targets buyouts, divestitures and recapitalizations of lower middle-market companies. River looks for investments in manufacturing, high-margin distribution, industrial services and 'non-faddish' retail companies. The Firm focuses on companies located in the US and Canada with minimum sales of $15 million and EBITDA of $3 to $12 million. River Associates avoids investing in heavily regulated industries as well as start-up, high-technology, commodity or natural resource companies. River Associates was formed in 1989 and is based in Chattanooga, Tennessee.

DEAL STATS #
Overall 6 of 25
Sector (Machinery) 1 of 2
Type (Secondary Buyout) 3 of 13
State (Ohio) 1 of 3
Country (United States) 5 of 24
Year (2006) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-12 Liberty Wire and Cable

Colorado Springs, Colorado, United States

Liberty Wire and Cable (Colorado Springs, CO) Liberty Wire and Cable is a premier global supplier of a complete line of wire and cable products along with connectors and connector systems, cable assemblies, interconnects and a broad range of related accessories. Core products are sold primarily for audio/video and security applications to customers serving the residential, commercial and broadcast industries as well as selected OEM’s.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-05 Signature Special Event Services

Frederick, Maryland, United States

Signature Special Event Services, LLC is one of the largest fully-integrated special events rental business. The company provides customers with tents, climate controlled heating and cooling equipment, power generation and distribution equipment and a wide variety of ancillary equipment including flooring, carpeting, staging, and temporary kitchens.

Sell $22M
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