By Generational EquityAug 28, 2020, 10:45 et
DALLAS, August 28, 2020 - Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Specialty CNC, Inc. to Consolidated Machine & Tool Holdings, LLC (“CMTH”), a portfolio company of White Wolf Capital, LLC (“White Wolf Capital”). CMTH is a platform holding company formed in 2017 by White Wolf Capital to acquire industry leading manufacturers specializing in precision machining, fabrication, assembly, and design of highly engineered components. The acquisition closed August 14, 2020 and details were not disclosed.
Located in Bloomington, Indiana, Specialty CNC has over 50 years of experience in the machining, fabricating, and mold making business. The Company designs and fabricates custom metal, plastic, and precision parts for a variety of industries including the medical, dental, automotive, aerospace, and government. Specialty CNC utilizes the latest technology in the prototype, production, and manufacturing process, working one-on-one with customers to design and fabricate products to strict specifications and parameters.
White Wolf Capital, located in Miami, Florida, is a private equity firm founded in late 2011 with a focus on making control-investments in leading middle market companies. They are operationally focused, long-term value investors, and create significant value through capital structure optimization and investments in growth, both organic and through add-on acquisitions. The White Wolf Capital acquisition team was led by Managing Director Elie Azar, Managing Director Rich Leggio II, and Vice President Andres Gutierrez.
Generational Equity Managing Director Don Ho was the dealmaker that successfully closed the transaction. “I am so excited to be able to complete a second transaction with White Wolf Capital. This buyer was our number one pick before we even began our marketing campaign given their excellent reputation and my experience with them on another transaction. White Wolf Capital continues to impress me with their excellence. The speed of this transaction was a new record at my firm and for White Wolf Capital since we closed this deal from the beginning of marketing, through due diligence to a successful close in 27 business days. My clients are ecstatic to be a part of the CMTH and the White Wolf Capital team. It has been an honor and pleasure to represent Specialty CNC, and it was such a phenomenal and enjoyable experience working with White Wolf Capital again,” said Ho.
Generational Equity Vice President Jacob Mangalath was the supporting dealmaker on the transaction. “From the very first call, Specialty CNC just clicked with the CMTH and the White Wolf Capital team, and we knew that this was meant to be. The extreme level of dedication and commitment demonstrated on both sides enabled this deal to close in such a short time. I’m so glad that the trust that our clients placed in us allowed them to achieve and surpass their goals faster than they thought was possible.” said Mangalath.
Both Mr. Ho and Mr. Mangalath are dealmakers in Executive Managing Director Michael Goss’ Transaction Group. Chief Revenue and Strategy Officer Terry Johnson and Senior Managing Director David Robinson, established the initial relationship with Specialty CNC and brought them on board as a client.
Specialty CNC President Mike Baker stated, “This transaction closed much faster than we could have ever expected. We now have an appreciation for the complexity and tireless effort it takes to sell a business. Don and the legal team he assembled during the process was invaluable. We are very thankful for his efforts and would not hesitate to recommend the important service that Don Ho and Generational Equity provide to business owners.”
White Wolf Capital Managing Director Elie Azar Stated, “As always, it was an absolute pleasure working with Don Ho and the team at Generational Equity. We sincerely appreciate the opportunity and look forward to our new partnership with the talented team at Specialty CNC”.
Mr. Ho added, “This transaction was papered in record time due to the impressive work and dedication of our legal team lead by Blaine Statham, Partner, Brandon McCoy, Associate, and Courtney Chouinard, Associate, at Haynes & Boone, as well as the from the hard work of CMTH’s and White Wolf Capital’s legal team of Ice Miller. I really appreciate the late nights and weekends both law firms made to get us to a successful close.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
Thanks again Phil and feel free to have a future client call me if they would like a referral. You are a true professional!Andy Graham, Vice President, Modern Heating & Plumbing
Michael worked tirelessly, He followed every lead meticulously and urgently to make sure nothing was missed.Robert Evans, President and CEO of Mealtracker Dietary Software
We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
I quickly recognized that Don was working for Sharpe Mixers above all else, and held our interests above others.Jay Dinnison, Owner of Sharpe Mixers
Your wisdom and experience were invaluable to me during this once-in-a-lifetime transaction.Ralph Noblin, President of Noblin & Associates
Thank you again for all your guidance and support. Any company will achieve what they intend, if they have you on their team!Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
We are extremely pleased with the way Generational Equity handled the sale of our company. Your associates, Tom and Chris, did an outstanding job of getting us (me) through the process.Michael J Polarek, President, Paragon Packaging
Greetings Mike. Thank you for the captivating and compelling presentation you made at the Phoenix presentation last week. Over many years in business yours was the most informative and well-presented presentation, on any subject, that I have ever attended! Your energy and enthusiasm combined with your concise and captivating support of your positions with easily understood examples and data was compelling.Pete L.
I must say that I have never worked with a more driven, competent and focused individual as Don Ho.Jay Dinnison, Owner of Sharpe Mixers
I would like to thank you and your firm, Generational Equity, for being our valued advisors in our journey.Bil MacLeslie, CEO, ipHouse
The process was much more involved than I expected and your help, experience and advice was a big factor in making the negotiations go as smoothly as possible.Terry D. Wickman, President, Keytroller
We thank you Eric and Generational Equity making our dream come true.Larry Moore, Owner, A Company Portable Restrooms
We will highly recommend Generational Equity and Musa Jagne to any business owner about to embark on the same process.Karen S. Williams, CFO, BW Manufacturing
Generational Equity’s assistance was invaluable in compiling and marketing our business.Bil MacLeslie, CEO, ipHouse
Generational Equity educated and informed us – so that we could be on the upside of a good decision (to sell).Bil MacLeslie, CEO, ipHouse
We knew it would be a difficult task to have someone really understand our business and our market, prior to researching a possible buyer, so it was imperative that we found someone of your caliber, with definite proven experience in this area.Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
I wanted to write you a quick letter to express our appreciation and our delight on the outcome of helping us through the process of our recent sale. We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.Terry D. Wickman, President, Keytroller
Bruce and I wanted to take this opportunity to thank Generational Equity for assigning Musa Jagne to our transaction. In Bruce’s words, “Musa did one hell of a job for us!”Karen S. Williams, CFO, BW Manufacturing
Tom Staszak is one of the most professional people I have dealt with in my last forty years of business. You’ve got a great group of people and you have built a truly professional organization.Michael J Polarek, President, Paragon Packaging
We were happy to see the interest in our company and what we cherished has not just a valuable company but an important company to the communities we served in.Larry Moore, Owner, A Company Portable Restrooms
I couldn’t have asked for a better team than Michael and Deborah. We couldn’t have done it without them.Robert Evans, President and CEO of Mealtracker Dietary Software
The help you provided us during each step of this process made us feel very comfortable and confident we were selecting the right approach to transition our Company.Andy Graham, Vice President, Modern Heating & Plumbing
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