Onward Capital Recapitalizes Century Drill & Tool Corporation

First Capital Partners Invests in BTM Company

September 1, 2019

Manufacturing

First Capital Partners completed a mezzanine debt investment in BTM Company to support a management-led recapitalization. BTM, founded in 1966 and based in Marysville, Michigan, supplies clinching and piercing tools, inserted fastener and work-holding equipment, and fully automated assembly systems to global OEMs in automotive, appliance, furniture, garage door and general industrial markets; Peakstone Group represented BTM in the transaction.

Walter Surface Technologies Acquires Drillco and Triumph Twist Drill

December 31, 2020

Manufacturing

Walter Surface Technologies, a portfolio company backed by ONCAP, has acquired Drillco and Triumph Twist Drill to expand its cutting-tool and drilling solutions offering. CriticalPoint acted as buy-side advisor to Walter and sourced the opportunity.

Tecum Capital, Provariant and Centerfield Support Recapitalization of Midwest Equipment Sales

April 27, 2020

E-Commerce

Tecum Capital Partners joined Provariant Equity Partners, Centerfield Capital, and MWE founder/CEO James Cline Jr. in a recapitalization of Midwest Equipment Sales (MWE), a Columbus-based technology-enabled specialty distributor of outdoor power products and aftermarket parts. The investment provides capital and organizational support to fund MWE's next phase of growth while keeping founder James Cline Jr. in place as CEO.

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.

L Squared Capital Partners Recapitalizes GWS Tool Group

September 18, 2019

Manufacturing

L Squared Capital Partners has partnered with GWS Tool Group management to recapitalize GWS Tool Group, with participation from incumbent sponsor Addison Capital Partners; financial terms were not disclosed. The recapitalization (with debt led by Varagon Capital Partners) provides a long-term capital base to support GWS’s acquisition-driven growth, geographic expansion, and continued investment in people and facilities.

Century Park Capital Partners Majority Recapitalizes MCCi

January 28, 2019

IT Services

Century Park Capital Partners completed a majority recapitalization of MCCi, LLC, partnering with the company's founders and management (including co-founder Donny Barstow, who reinvested and will remain President and CEO). MCCi, a Tallahassee-based software and IT services firm focused on enterprise content management and business process automation (including the JustFOIA SaaS product), will use the investment to accelerate growth and pursue buy-and-build opportunities; RGA Private Debt & Equity and Plexus Capital provided financing.