Peak Toolworks (Granite Creek Capital) Acquires Southern Carbide, Inc.

Peak Toolworks Acquires Expert Die with Funding from Granite Creek and Muzinich BDC

February 2, 2023

Manufacturing

Peak Toolworks, an Audax Group portfolio company, acquired Expert Die, Inc., a Georgia-based blade sales and saw-sharpening provider. The acquisition was supported by financing from Granite Creek Capital Partners' FlexCap II fund, in partnership with Muzinich BDC, Inc., with PNC Bank remaining as a lender; the deal expands Peak's service footprint in the southern U.S.

DBW Holdings Acquires Peak Toolworks

December 13, 2023

Manufacturing

DBW Holdings, parent of Diamond Blade Warehouse, acquired Peak Toolworks in a deal completed with private investors Granite Creek Capital Partners and Canterbury Ventures, with financing from Hidden River Strategic Capital and Muzinich BDC, Inc. Peak Toolworks will join DBW under the DBW Holdings umbrella and continue to operate as a separate business, expanding DBW's product and service offerings across infrastructure, construction, automotive and manufacturing end markets.

Peak Toolworks Acquires Tooling Concepts Inc.

February 10, 2022

Manufacturing

Peak Toolworks has acquired Tooling Concepts Inc., adding a brick-and-mortar sharpening and tooling facility in Elkhart, Indiana and expanding Peak's presence in the U.S. Midwest. The acquisition bolsters Peak's local service and delivery capabilities for customers in metal, wood, plastics and composites machining markets.

GWS Tool Group Acquires CJT Koolcarb, Inc. and GenHam Diamond Tooling

April 20, 2021

Manufacturing

L Squared Capital Partners' portfolio company GWS Tool Group has acquired CJT Koolcarb, Inc. and its PCD operating subsidiary GenHam Diamond Tooling. CJT (Carol Stream, IL) produces carbide and carbide-tipped drills and reamers while GenHam supplies diamond/PCD tooling; the add-on expands GWS's holemaking capabilities and capacity across aerospace, automotive and other advanced machining markets. The deal is GWS's second acquisition in 2021 and the fifth add-on since L Squared's platform investment in 2019.

Sandvik Acquires Peterson Tool Company (assets)

May 11, 2022

Manufacturing

Sandvik AB has signed an agreement to acquire the assets of Peterson Tool Company, Inc., a Nashville-based custom carbide tooling manufacturer that supplies machine-specific custom insert tooling for high-production turning and grooving. Peterson Tool (73 employees; ~$9m revenue in 2021) will be reported in Sandvik's GWS Tool business unit within Sandvik Manufacturing and Machining Solutions; the transaction was expected to close in Q2–Q3 2022.

Platinum Equity Acquires Oregon Tool

October 18, 2021

Manufacturing

Platinum Equity has completed the acquisition of Oregon Tool (formerly Blount International) from American Securities and P2 Capital Partners. Oregon Tool, a Portland-based global manufacturer and distributor of saw chain, guide bars, lawn mower blades and related aftermarket products with more than 3,200 employees, will be positioned as a platform for growth and further add-on acquisitions under Platinum Equity's ownership.