Manitowoc Tool & Machining Acquires G&V Machine Company

Manitowoc Tool & Machining Acquires Mid Valley Industries

February 8, 2024

Manufacturing

Manitowoc Tool & Machining (a portfolio company backed by Summit Equity Group, Midwest Growth Partners and NewSpring Mezzanine) completed the acquisition of Mid Valley Industries, a Kaukauna, Wisconsin-based precision contract manufacturer, on January 17, 2024. The deal is an add-on to MTM's platform and is intended to expand MTM's large turning and milling capabilities and broaden its end-market exposure to heavy equipment, aerospace/defense and energy customers.

Midwest Growth Partners and Summit Equity Group Acquire Manitowoc Tool & Machining

December 15, 2022

Manufacturing

Midwest Growth Partners and Summit Equity Group, with mezzanine financing from NewSpring Mezzanine and a management rollover, completed an acquisition of Manitowoc Tool & Machining (MTM). The transaction positions MTM — a precision, production-oriented contract manufacturer serving OEM customers across agriculture, HVAC, aerospace & defense, medical and logistics/e-commerce — for continued growth and expanded capabilities under sponsor ownership.

GCM Acquires Kettmann Machining

February 3, 2026

Medical Devices

GCM, a precision manufacturer backed by Avista Healthcare Partners, has acquired Kettmann Machining, a San Jose-based maker of precision-machined plastic and metal parts for the MedTech industry. The add-on expands GCM's capacity with a modern 40,000 sq. ft. facility and deepens its high-precision manufacturing capabilities to support next-generation medical device OEMs.

PHX Holdings Acquires Garrity Tool Company (GTC Machining)

February 1, 2019

Manufacturing

PHX Holdings, the holding company of Phoenix Stamping Group and backed by JBA Capital, acquired Indianapolis-based Garrity Tool Company (renamed GTC Machining) on February 1, 2019. The acquisition adds precision machining capabilities (AS9100D, ITAR, ISO13485) in aerospace, defense and medical device markets and strengthens PHX's Midwest footprint.

C.G. Machinery Acquires King Machine, Inc.

October 18, 2022

Industrial Services

C.G. Machinery, LLC acquired King Machine, Inc., a machine tool and machining robotics distributor based in Meridian, Idaho. The transaction, which closed on September 20, 2022, was advised by Generational Equity and expands C.G. Machinery's distribution and service footprint in Idaho and Montana, including King’s Eclipse Tool & Supply division.

Van Becelaere Machine Works (MGP) Acquires Superior Metal Products as Add-on

September 28, 2021

Manufacturing

Van Becelaere Machine Works, a portfolio company of Midwest Growth Partners, completed an add-on acquisition of Superior Metal Products, Inc., a precision machining business based in Omaha, Nebraska. The deal expands Van Becelaere's precision machining platform—broadening capabilities, capacity and Midwest presence—while SMP's owners remain invested and will continue to lead operations.