Consolidated Machine & Tool Holdings Acquires Delva Tool & Machine Corporation
October 6, 2020
Consolidated Machine & Tool Holdings (CMTH), a platform company backed by White Wolf Capital, acquired Delva Tool & Machine Corporation (DTM), a precision machining and contract manufacturing business based in Cinnaminson, New Jersey. The add-on expands CMTH's capacity and capabilities—adding advanced robotics and defense/aerospace customers—and provides DTM access to capital to support future growth; financial terms were not disclosed.
- Buyers
- Consolidated Machine & Tool Holdings (CMTH), White Wolf Capital
- Targets
- Delva Tool & Machine Corporation
- Sellers
- Stephen Voellinger
- Platforms
- Consolidated Machine & Tool Holdings (CMTH)
- Industry
- Manufacturing
- Location
- New Jersey, United States
- Transaction Type
- Addon
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