Colfax Creek Capital Acquires Dial Tool Industries

Colfax Creek Capital Acquires Traverse City Products

March 10, 2020

Manufacturing

Birmingham, Michigan-based Colfax Creek Capital, in partnership with management and with mezzanine/equity support from Charter Growth Capital Fund (CGCF), acquired Traverse City Products (TCP) from its founders. The transaction closed March 10, 2020 and enabled the current owners to fully exit while leaving management in place to continue operations and pursue diversification and growth.

Massey Capital Acquires SMS Machine Tools Limited

April 22, 2022

Industrial Services

Toronto-based private equity firm Massey Capital, in partnership with industry executive Craig Collison, has acquired SMS Machine Tools Limited, a long-established distributor and servicer of CNC machines serving Ontario and Quebec. Existing management will remain in place—Brian Smith as President and Craig Collison as General Manager—while Massey partner Scott Newhouse will join as CEO as the firm looks to grow the business over the long term.

CID Capital Acquires PDQ Manufacturing

March 3, 2023

Manufacturing

Indianapolis-based private equity firm CID Capital has acquired PDQ Manufacturing, a Lancaster, Pennsylvania manufacturer of commercial door hardware, locks, deadbolts, door closers and electronic locking solutions. CID named industry veteran Phil Bradney as CEO and said it will support the company’s growth under its ownership.

Alleghany Capital Forms Precision Cutting Technologies and Acquires Majority Stake in CID Performance Tooling

June 24, 2019

Manufacturing

Alleghany Capital Corporation formed a new holding company, Precision Cutting Technologies, and Precision acquired a majority interest in Coastal Industrial Distributors, LLC (d/b/a CID Performance Tooling), a Saco, Maine-based manufacturer of high-performance solid carbide end mills. The move consolidates Alleghany Capital’s machine tool and consumable cutting tool businesses under a single platform to share resources and expand capabilities and end-market reach in aerospace, defense, and medical sectors.

Caleb Standafer III Acquires Springfield Tool & Die

September 5, 2024

Manufacturing

Springfield Tool & Die, a nearly 100-year-old precision manufacturing business headquartered in Duncan, South Carolina, was acquired by individual buyer Caleb Standafer III. The transaction—facilitated by Viking Mergers & Acquisitions—transfers ownership from retiring president Tom Aldridge, with the new owner committing to preserve the company’s legacy and service levels.

Sigma Electric Acquires Tooling Dynamics

December 23, 2019

Manufacturing

Sigma Electric Manufacturing Corp., a portfolio company of Argand Partners, has acquired Tooling Dynamics, a York, Pennsylvania-based manufacturer of high-volume precision metal stampings and Swiss screw machining. The acquisition expands Sigma's precision metal capabilities and North American manufacturing footprint, bringing Tooling Dynamics' thin-gauge, tight-tolerance expertise into Sigma's global offering.