By Generational EquityAug 28, 2020, 09:45 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.
After attending a conference with GE, I decided that the value they bring would be worth the expense and as soon as I started working with them, I realized that was the right decision. When we started to get LOIs, Fred Zweifel took the lead on the communication and supported negotiations throughout the process, which got tricky as we moved forward. I learned that it can be common for companies to make a great offer then work to erode that price with their discoveries, but Fred and the GE team kept that from happening.Caroline Connelly, CEO, OptoTest
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
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
Through the sale process, Generational brought in several interested buyers and we closed in about 6 months. I am so glad I accepted that invitation to the conference and could not be happier with the whole process. The team at Generational coupled with their knowledge and guidance was so valuable that in the end, I know I could never have done this on my own!JoAnn Ellis, Owner of Fondren 5 Star Kennels
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 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
We had the pleasure of working with Mr. Ahmad Behjati Managing Director, M&A, for Generational Equity during our acquisition of Papa's Dodge in late 2021. Generational Equity and Mr. Behjati represented and marketed Papa’s Dodge. As our primary contact, Mr. Behjati was professional in every facet of this acquisition process, conveying valuable advice most times and assisting us in every step of the process.Rick Greene of Dobbs Equity Partners LLC
Thanks to you, the entire GE team and especially Michael Goss for driving a great valuation, coaching me and driving the process across the finish line. Please let me know if there is anything I can do to support GE going forward. P.S. Given my experience with GE I felt comfortable enough to sign up with Generation Wealth Advisors!Tom Currier, Former President & CEO, Rackmount Solutions
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
I decided to attend the conference and hopefully receive some guidance on how to structure an exit plan of my business. Upon arriving at the conference, I was so impressed with the presentation given by Generational Equity that I set a future appointment that week to discuss the possibility of selling my business with their Senior Managing Director David Robinson.JoAnn Ellis, Owner of Fondren 5 Star Kennels
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
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.
T.D., thank you so much! You are a great leader! I love how you are using your gifts and talents to better others. You are clearly a GREAT COACH! This 3 day session undoubtedly changed the future of our business, and very well may have been the sole catalyst to save my company, my health and my marriage! A genuine “thank you” from the bottom of my heart.Bryan D. Horn, Owner, Over Under Clothing
I need to say an immense thank you to Don Ho for his stellar work ethic, attention to detail, and tireless effort. Also thank you to the whole crew at GE! Without you, Don could not do such a phenomenal job. We were shooting for closing and funding before the end of 2020, due to the uncertainty of the political landscape and taxes. I am happy to report we closed last week and will be funding tomorrow.Dr. Caty J. Catron PhD, RN, VA-BC – Owner, Vic The Picc, LLC
I wanted to take this opportunity to thank you for all that you have done for us. Not only did you take care of all the aspects of the sale but took extra care to make sure we knew what it looked like every step of the way. I will definitely recommend your company to anyone that is in a position to or looking to exit their business.Shane and Johanna Kline, Owners of Vision Upfitters
We thank you Eric and Generational Equity making our dream come true.Larry Moore, Owner, A Company Portable Restrooms
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
Generational Equity educated and informed us – so that we could be on the upside of a good decision (to sell).Bil MacLeslie, CEO, ipHouse
The professionals at Generational Equity then helped develop a roadmap for enhancing the value of the firm and an evaluation report. This was completed by June 14, 2021. We then developed the Confidential Information Memorandum and put Taylor Studios, Inc. on the market by July.Betty L. Brennan, President, Taylor Studios
Generational Equity’s professional staff helped me every step of the way. Their network and professionals are the only reason I sold my company this quickly. For me this is a once in a lifetime sale and I was unfamiliar with the process. I was able to lean on them with questions and concerns.
Your wisdom and experience were invaluable to me during this once-in-a-lifetime transaction.Ralph Noblin, President of Noblin & Associates
I am pleased that I was able to work with Andrew Byrd throughout this experience. From the first meeting we had in Minneapolis I felt that I was in good hands. His knowledge and expertise is second to none. He guided the process consistently throughout. I feel lucky that I was pared with Andrew and could not be happier that I chose Generational Equity to handle this major life event. Thank you Andrew and GenEq for everything!Eric Erlandson, Owner, Action Fastenings, Inc.
The most important contribution I think Ahmad made was with his personality and work ethic. He is sincere, efficient, and very hard working. He was available to me at all times, whether it was for specific detail of the negotiation or just to talk through the bigger picture. He listened, advised, and recommended, but never forced his idea or opinions. In the time we worked together, he became a valued colleague and also a friend.Salvo Stoch, Founder and CEO of Sleeping Partners
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 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
We were represented by Michael Goss with Generational. The due diligence was grueling and exhausting, but Michael propped us up and kept us motivated throughout the process. Debi and I continued to ask each other how we could possibly make it through this process without the assistance of Michael. Michael's professionalism and knowledge is absolutely amazing, and we are so blessed to have had him by our side as we made our future dreams come true.Bob and Debi Lee, Owners of BL Technology, Inc and BL Tl Services, LLC
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.
Generational Equity’s assistance was invaluable in compiling and marketing our business.Bil MacLeslie, CEO, ipHouse
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