M&A Deal Summary

GWS Tool Acquires STF Precision

On October 20, 2020, GWS Tool acquired manufacturer STF Precision

Acquisition Highlights
  • This is GWS Tool’s 6th transaction in the Manufacturing sector.
  • This is GWS Tool’s 6th transaction in the United States.
  • This is GWS Tool’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2020-10-20
Target STF Precision
Sector Manufacturing
Buyer(s) GWS Tool
Deal Type Add-on Acquisition

Target

STF Precision

Arden, North Carolina, United States
STF Precision is a manufacturer of precision cutting tools, primarily in the categories of polycrystalline diamond tools (PCD), single-crystal diamond tools (SCD), and Cubic Boron Nitride (CBN). STF Precision product capability portfolio includes brazed PCD-rotary tools for non-ferrous materials, PCD 8-facet drills for aerospace composites, PCD grooving inserts for automotive applications, and multi-stepped brazed PCD monoblock tools.

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Buyer(S) 1

Buyer

GWS Tool

Tavares, Florida, United States

Category Company
Founded 2014
Sector Manufacturing
DESCRIPTION

GWS Tool is a manufacturer of engineered custom, standard, and modified standard cutting tools, primarily servicing the aerospace and defense, power generation, automotive, and medical sectors. GWS Tool was formed in 2014 and is based in Tavares, Florida.


DEAL STATS #
Overall 6 of 10
Sector (Manufacturing) 6 of 10
Type (Add-on Acquisition) 6 of 10
State (North Carolina) 1 of 1
Country (United States) 6 of 9
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 North American Tool

South Beloit, Illinois, United States

North American Tool Corp. is a provider of special taps, dies, and gages. North American Tool is based in South Beloit, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 Taurus Tool & Engineering

Batavia, Illinois, United States

Taurus Tool & Engineering, Inc. is a manufacturer of precision custom cutting tools, primarily in the categories of both HSS and carbide hole making and milling tools. Taurus Tool & Engineering is based in Batavia, Illinois.

Buy -