By Generational EquityFeb 5, 2020, 06:00 et
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Mill Creek Machining, 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 January 15, 2020 and details were not disclosed.
Mill Creek Machining (MCM), located in Paulina, Iowa, is a contract precision machining company that makes custom parts for manufacturing customers to assemble into specific products. MCM provides services for clients in different industries, such as railroad, fabrication/machinery, hydraulics, material handling, agricultural equipment, power equipment, and many more. MCM has maintained success by integrating operations with those of select customers to ensure the exact products are available when the customers need them. In addition, MCM has excelled at delivering difficult or complex products in short timeframes that are necessary to help customers meet timelines or have projects returned on schedule. MCM is ISO 9001: 2015 certified and is focused on product quality, its customers, and the company’s total commitment to continuous improvement. Prior to this transaction, MCM was solely owned by Justin Stamer, President and General Manager.
Located in Miami, FL, White Wolf Capital is a private equity firm that began operations in late 2011 and is focused on making control-investments in leading middle market companies. They believe in a solutions-oriented and flexible investment approach. Typical situations include leveraged buyouts, management buyouts and recapitalizations. They focus on investment opportunities that are headquartered in North America operating in a number of industries. Preferred industries include manufacturing, business services, information technology, security, aerospace and defense. The White Wolf Capital acquisition team was led by Managing Director Elie Azar, Vice President Rich Leggio II, Senior Associate Andres Gutierrez, and Associate Alon Debbi.
Generational Equity Managing Director Don Ho was the dealmaker that successfully closed the transaction. “Having evaluated dozens of contract machine shops in my 15-year tenure, I can honestly say that Mill Creek Machining is an exceptional company with a phenomenal and humble leader in Justin Stamer. Justin runs one of the cleanest and most advanced shops while maintaining its dedication to quality and customer service. During our search, we were so fortunate to attract the attention of White Wolf Capital, which was our number one pick given their excellent reputation. The obvious synergies that both Mill Creek Machining and White Wolf Capital/CMTH will bring to each other will allow the combined companies to advance to the next level. It has been a pleasure representing Mill Creek Machining and equally so working with such a professional buyer as White Wolf Capital,” said Mr. Ho.
Mr. Ho is a senior dealmaker in Executive Managing Director Michael Goss’ Transaction Group. Chief Revenue and Strategy Officer Terry Johnson and Executive Managing Director Randy Kamin established the initial relationship with Mill Creek Machining and brought them on board as a client.
White Wolf Capital Managing Director Elie Azar Stated, “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 Justin Stamer and the Mill Creek team”.
After the conclusion of the transaction, President Justin Stamer said, “I am so grateful to have Don Ho and Generational Equity represent me in the market. I began working with Don in 2019 and immediately knew he had my best interest in mind and was fighting for me, and I can’t put into words what that meant to me. Through this process, I learned a ton about a world I knew nothing about before working with Don, and my hat is off to him for taking the time to coach and explain everything to us as questions and situations came up. There is no doubt in my mind that we got the best possible outcome from this acquisition because of Don’s knowledge and ability to patiently walk us through it.”
Mr. Ho added, “This transaction was also a success due to the hard work and dedication of our legal team lead by Blaine Statham, Partner, and Courtney Chouinard, Associate, at Haynes & Boone. Given the complexity of this transaction, it was great to have these two seasoned M&A attorneys negotiate legal documents as we went up against a seasoned law firm as Ice Miller that represented CMTH and White Wolf Capital.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, 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 merger, acquisition, and wealth management services. Their five-step approach features exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
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
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 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.
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 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
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.
Generational Equity’s assistance was invaluable in compiling and marketing our business.Bil MacLeslie, CEO, ipHouse
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
We thank you Eric and Generational Equity making our dream come true.Larry Moore, Owner, A Company Portable Restrooms
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 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 would like to thank you and your firm, Generational Equity, for being our valued advisors in our journey.Bil MacLeslie, CEO, ipHouse
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 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
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 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
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.
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
Dear Chris and Andre, I just wanted to say thanks for all your help. Even though this process was not an easy one, it was comforting to know that I had a capable team standing beside me. You made me feel like we were almost your only client or at least the most important one. Thanks again, and I will recommend your service in the future.Shenille Engelhart, Owner – CLS Technology
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
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
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 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
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