M&A Deal Summary

Sigma Engineered Solutions Acquires Tooling Dynamics

On December 23, 2019, Sigma Engineered Solutions acquired manufacturer Tooling Dynamics from Summit Equity Group

Acquisition Highlights
  • This is Sigma Engineered Solutions’ 2nd transaction in the Manufacturing sector.
  • This is Sigma Engineered Solutions’ 2nd transaction in the United States.
  • This is Sigma Engineered Solutions’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2019-12-23
Target Tooling Dynamics
Sector Manufacturing
Buyer(s) Sigma Engineered Solutions
Sellers(s) Summit Equity Group
Deal Type Add-on Acquisition

Target

Tooling Dynamics

York, Pennsylvania, United States
Tooling Dynamics is a provider of high precision metal stamping as well as design and fabrication of stamping dies for the electronic, medical, automotive, aerospace, military, and solar power industries. Tooling Dynamics was founded in 1982 and is based in York, Pennsylvania.

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Buyer(S) 1

Buyer

Sigma Engineered Solutions

Garner, North Carolina, United States

Category Company
Founded 1981
Sector Metals/Mining
DESCRIPTION

Sigma Engineered Solutions is a manufacturer of metal castings, precision machined components and sub-assemblies for blue-chip customers in the electrical products, power transmission, and distribution and general industrial markets. Sigma Engineered Solutions uses proprietary precision die-casting and sand-casting manufacturing technologies to produce customized components with complex shapes and tight tolerances across a broad range of metals and alloys. Sigma Engineered Solutions was founded in 1981 and is based in Garner, North Carolina.


DEAL STATS #
Overall 2 of 2
Sector: Manufacturing M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Pennsylvania M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-20 Avalon Precision Metalsmiths

Cleveland, Ohio, United States

Avalon Precision Metalsmiths is a full-service turnkey casting platform. These castings are supplied to leading US customers in the aerospace, defense, HVAC, power, agriculture, oil & gas end markets. Avalon Precision Metalsmiths was founded in 1945 and is based in Cleveland, Ohio.

Buy -

Seller(S) 1

SELLER

Summit Equity Group

Des Moines, Iowa, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Summit Equity Group is a private investment group focused on acquiring small to medium-sized private companies with the potential to grow through new ownership. Summit looks for profitable businesses $4 to $12 million of EBITDA and generating $20 to $75 million in revenue. Summit is a generalist investor, but has a preference for companies in basic industries such as manufacturing, value-added distribution, or business services. Summit Equity was formed in 2004 and is based in Des Moines, Iowa.


DEAL STATS #
Overall 1 of 2
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-29 Lomont Molding

Mount Pleasant, Iowa, United States

Lomont Molding is a complete source for custom injection, structural foam, and blow molding along with extrusion molding. Lomont also manufactures and sells its own line of proprietary concrete accessories under the Paragon brand name. Lomont Molding is based in Mount Pleasant, Iowa.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-23 Parallel Ag

Chickasha, Oklahoma, United States

Parallel Ag is a distributor of agricultural equipment, parts, service and support for farmers. Parallel Ag also services fertilizer dealers, custom applicators and the construction industry. Parallel Ag is based in Chickasha, Oklahoma.

Buy -