M&A Deal Summary

Tooling Tech Group Acquires Century Tool & Gage Co.

On April 25, 2018, Tooling Tech Group acquired manufacturer Century Tool & Gage Co. from First Capital Partners, ZJM Equity and Broadgate Capital

Acquisition Highlights
  • This is Tooling Tech Group’s 2nd transaction in the Manufacturing sector.
  • This is Tooling Tech Group’s 4th transaction in the United States.
  • This is Tooling Tech Group’s 2nd transaction in Michigan.

M&A Deal Summary

Date 2018-04-25
Target Century Tool & Gage Co.
Sector Manufacturing
Buyer(s) Tooling Tech Group
Sellers(s) First Capital Partners
ZJM Equity
Broadgate Capital
Deal Type Add-on Acquisition
Advisor(s) Angle Advisors (Financial)

Target

Century Tool & Gage Co.

Fenton, Michigan, United States
Century Tool & Gage Co. is a manufacturer of large compression molds and secondary tooling fixtures. Century Tool & Gage Co. was founded in 1974 and is based in Fenton, Michigan.

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Buyer(S) 1

Buyer

Tooling Tech Group

Fort Loramie, Ohio, United States

Category Company
Founded 1982
Sector Machinery
DESCRIPTION

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.


DEAL STATS #
Overall 4 of 4
Sector: Manufacturing M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
State: Michigan M&A 2 of 2
Country: United States M&A 4 of 4
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-21 G.H. Tool & Mold

Washington, Montana, United States

G.H. Tool & Mold, Inc. is a engineer, designer and manufacturer of die cast tooling to the automotive, outdoor products and aerospace industries.

Buy -

Seller(S) 3

SELLER

First Capital Partners

Omaha, Nebraska, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2006
PE ASSETS 241M USD
Size Small
Type Sector Agnostic
DESCRIPTION

First Capital Partners is an Omaha, Nebraska-based private investment firm that provides equity and subordinated debt financing to lower middle-market companies. First targets businesses with revenues of $10 to $100 million and EBITDA up to $10 million. Investments are generally used to fund management buyouts, growth capital financings, recapitalizations, divestitures, and generational transfers of ownership. Broad areas of interest include manufacturing, business services, and value-added distribution. First Capital will not invest in startups, early stage companies, high technology, real estate, or retail. First Capital Partners is based in US.


DEAL STATS #
Overall 7 of 17
Sector: Manufacturing M&A 2 of 3
Type: Add-on Acquisition M&A Deals 5 of 10
State: Michigan M&A 1 of 1
Country: United States M&A 7 of 17
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-17 Labriola Baking Co.

Alsip, Illinois, United States

Labriola Baking Co. is a manufacturer of fresh and frozen artisan breads. Labriola Baking Co. was established in 1993 and is based in Alsip, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Kiefer Aquatics

Bloomington, Illinois, United States

Kiefer Aquatics manufactures and sells primarily Kiefer branded aquatic performance and safety products including racing lanes, customizable starting blocks, lifeguard equipment and apparel, and a complete line of competitive swimwear, supplies, and equipment. Kiefer Aquatics was founded in 1947 and is based in Bloomington, Illinois.

Buy -
SELLER

ZJM Equity

Centennial, Colorado, United States

Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

ZJM Equity is a private equity firm focused on acquiring profitable manufacturing, distribution, and business services companies. The Firm will consider opportunities throughout the US and prefers businesses with defendable market positions, strong management willing to stay in place, and potential for growth. ZJM Equity was formerly known as Highline Equity. The Firm was originally established in 2008 and is based in Denver, Colorado.


DEAL STATS #
Overall 1 of 5
Sector: Manufacturing M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 5
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-01 Inland Metal

Hayward, California, United States

Inland Metal is a provider of precision sheet metal fabrication, contract manufacturing, and engineering resources. Inland Metal was founded in 1964 and is based in Hayward, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-21 Star Seed

Osborne, Kansas, United States

Star Seed is a producer, conditions and markets high-quality seeds to the agriculture industry. Star Seed, Inc. is a seed distributor focused on native grasses, wildflowers, forages, cover crops, wheat, and other small grains. Star Seed was founded in 1920 and is based in Osborne, Kansas.

Sell -
SELLER

Broadgate Capital

Dallas, Texas, United States

Investor Investor


Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Broadgate Capital is a private-equity group focused on acquisitions and investments across a variety of industries including manufacturing, distribution, consumer products, and healthcare. The Firm pursues profitable companies with EBITDA greater then $1 million and at least $5 million in revenue. Broadgate will consider opportunities throughout the US and is willing to provide junior and/or equity capital. Broadgate Capital was formed in 2011 and is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 4
Sector: Manufacturing M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 4
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Reliant At Home

Plano, Texas, United States

Reliant At Home is a home healthcare agency and hospice care provider offering a variety of in‐home services ranging from technical care to occupational therapy and medically‐necessary personal assistance, as well as end‐of‐life care. The company with a primary focus on providing home healthcare services to patients within assisted living facilities and has since expanded to serve both facility‐based patients as well as home‐based patients. Reliant At Home was founded in 2004 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-21 Star Seed

Osborne, Kansas, United States

Star Seed is a producer, conditions and markets high-quality seeds to the agriculture industry. Star Seed, Inc. is a seed distributor focused on native grasses, wildflowers, forages, cover crops, wheat, and other small grains. Star Seed was founded in 1920 and is based in Osborne, Kansas.

Sell -