M&A Deal Summary

Yukon Partners and GenNx360 Capital Partners Acquire Tooling Tech Group

On August 9, 2017, mezzanine finance firm Yukon Partners and private equity firm GenNx360 Capital Partners acquired machinery company Tooling Tech Group from GenNx360 Capital Partners

Acquisition Highlights
  • This is Yukon Partners’ 3rd and GenNx360 Capital Partners’ 4th transaction in the Machinery sector.
  • This is Yukon Partners’ 32nd and GenNx360 Capital Partners’ 12th transaction in the United States.
  • This is Yukon Partners’ 3rd and GenNx360 Capital Partners’ 3rd transaction in Ohio.

M&A Deal Summary
Date 2017-08-09
Target Tooling Tech Group
Sector Machinery
Buyer(s) Yukon Partners
GenNx360 Capital Partners
Sellers(s) GenNx360 Capital Partners
Deal Type Recapitalization

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

Yukon Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2008
PE ASSETS 640M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Yukon Partners is a mezzanine finance firm that works with private equity sponsors to fund a variety of investment situations. Yukon looks to invest $10 to $40 million to support buyouts, recapitalizations, take privates, and refinancings. Sectors of interest include automotive, building products, business services, consumer products, food/beverages, healthcare products/services, industrial manufacturing, niche manufacturing, and transportation/logistics. Prospective companies generally have revenues of $30 to $500 million and are profitable with EBITDA of $5 to $50 million. Yukon Partners was formed in 2008 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 32 of 54
Sector (Machinery) 3 of 4
Type (Recapitalization) 4 of 6
State (Ohio) 3 of 3
Country (United States) 32 of 53
Year (2017) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Golding Farms Foods

Winston-Salem, North Carolina, United States

Golding Farms Foods is a manufacturer of private label, branded, and co-manufactured sauces and condiments. Golding Farms maintains a best-in-class, SQF level 3-certified facility with highly-efficient processing and packaging capabilities to serve a wide range of end markets and product categories. Golding Farms Foods was founded in 1972 and is based in Winston-Salem, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-24 Tex Tech Industries

Kernersville, North Carolina, United States

Tex Tech Industries is a specialty textile material manufacturer that specializes in meeting the requirements of difficult and demanding customer applications. The Company’s research and development team allows it to be innovative, creative, and on the cutting edge for the benefit of its growing customer base. Tex Tech Industries was formed in 1904 and is based in Kernersville, North Carolina.

Sell -
Buyer

GenNx360 Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GenNx360 Capital Partners is a private equity firm focused on acquiring mid-sized US-based businesses. GenNx360 targets companies with revenues between $50 and $500 million and $5 to $35 million of EBITDA. The Firm looks to invest $25 to $100 million per transaction. Specific areas of interest include industrial water treatment, specialty chemicals/engineered materials, industrial machinery/equipment components, agriculture products and services, global transportation component parts, aerospace/defense, oil/gas services and business services. GenNx360 Capital Partners was formed in 2006 and is based in New York City.

DEAL STATS #
Overall 14 of 27
Sector (Machinery) 4 of 5
Type (Recapitalization) 1 of 1
State (Ohio) 3 of 3
Country (United States) 12 of 25
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Novel Ingredients

East Hanover, New Jersey, United States

Novel Ingredients is a New Jersey-based provider of dietary supplement ingredient solutions. For over 15 years, Novel Ingredients has established a standard of excellence in the distribution of premium botanical ingredients.

Sell $125M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-20 CRS Temporary Housing

Phoenix, Arizona, United States

CRS Temporary Housing is a tech-enabled outsourced services platform providing end-to-end temporary housing solutions for policyholders on behalf of insurance carriers. The Company assists policyholders in times of crisis, ensuring they have adequate shelter immediately after being displaced from their residence. CRS sources a wide variety of hotel and housing accommodations as well as furniture and housewares to meet the unique needs of each policyholder. CRS Temporary Housing was established in 1989 and is based in Phoenix, Arizona.

Buy -

Seller(S) 1

SELLER

GenNx360 Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GenNx360 Capital Partners is a private equity firm focused on acquiring mid-sized US-based businesses. GenNx360 targets companies with revenues between $50 and $500 million and $5 to $35 million of EBITDA. The Firm looks to invest $25 to $100 million per transaction. Specific areas of interest include industrial water treatment, specialty chemicals/engineered materials, industrial machinery/equipment components, agriculture products and services, global transportation component parts, aerospace/defense, oil/gas services and business services. GenNx360 Capital Partners was formed in 2006 and is based in New York City.

DEAL STATS #
Overall 5 of 16
Sector (Machinery) 1 of 2
Type (Recapitalization) 1 of 2
State (Ohio) 1 of 1
Country (United States) 4 of 14
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Novel Ingredients

East Hanover, New Jersey, United States

Novel Ingredients is a New Jersey-based provider of dietary supplement ingredient solutions. For over 15 years, Novel Ingredients has established a standard of excellence in the distribution of premium botanical ingredients.

Sell $125M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-20 CRS Temporary Housing

Phoenix, Arizona, United States

CRS Temporary Housing is a tech-enabled outsourced services platform providing end-to-end temporary housing solutions for policyholders on behalf of insurance carriers. The Company assists policyholders in times of crisis, ensuring they have adequate shelter immediately after being displaced from their residence. CRS sources a wide variety of hotel and housing accommodations as well as furniture and housewares to meet the unique needs of each policyholder. CRS Temporary Housing was established in 1989 and is based in Phoenix, Arizona.

Buy -
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