M&A Deal Summary

Tinicum Capital Partners Acquires PennTool Group

On May 1, 2005, private equity firm Tinicum Capital Partners acquired manufacturer PennTool Group

Acquisition Highlights
  • This is Tinicum Capital Partners’ 1st transaction in the Manufacturing sector.
  • This is Tinicum Capital Partners’ 10th transaction in the United States.
  • This is Tinicum Capital Partners’ 1st transaction in Michigan.

M&A Deal Summary
Date 2005-05-01
Target PennTool Group
Sector Manufacturing
Buyer(s) Tinicum Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

PennTool Group

Westland, Michigan, United States
PennTool Group is a provider of engineered fasteners. PEM design and manufacture of precision tooling for heading and screw machine operations. The pennTool Group utilizes this extensive knowledge to bring quality, cost effective tooling and machine part solutions to fastener and component manufacturers across various industries. PennTool Group was founded in 1942 and is based in Westland, Michigan.

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Buyer(S) 1

Buyer

Tinicum Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tinicum Capital Partners is a private equity group that seeks to acquire control of companies through acquisitions or restructurings or to take minority stakes in public or private companies through equity or debt securities. Tinicum's target equity investment size is between $30 and $150 million per transaction. Sectors of interest include aerospace; HVAC components; medical devices; financial services; specialty industrial products or components; pumps, valves and other process control equipment; specialty machinery; electrical equipment; motors and motion control equipment; specialty metals/magnetics; and media/advertising. The Firm will not consider investments in venture capital, real estate, or unproven technology. Tinicum was formed in 1998 and is based in New York City.

DEAL STATS #
Overall 12 of 47
Sector (Manufacturing) 1 of 5
Type (Buyout (LBO, MBO, MBI)) 8 of 21
State (Michigan) 1 of 2
Country (United States) 10 of 43
Year (2005) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-29 Haskel International

Burbank, California, United States

The company manufactured pneumatically- and hydraulically-driven pumps and air pressure amplifiers for industrial, commercial, aerospace and military applications. Under Tinicum and Edmundson ownership, Haskel completed two acquisitions: BuTech Pressure Systems, which manufactured high-pressure valves and other piping components, and DuraMeter Pump Company, which manufactured electrically-driven chemical injection pumps.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-01 Capital Assurance

Coral Gables, Florida, United States

Capital Assurance Co., Inc. provides insurance services in US.

Buy -
Mergr

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