GWS Tool Group Acquires CJT Koolcarb, Inc. and GenHam Diamond Tooling
April 20, 2021
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.
- Buyers
- GWS Tool Group, L Squared Capital Partners
- Targets
- CJT Koolcarb, Inc., GenHam Diamond Tooling
- Platforms
- GWS Tool Group
- Industry
- Manufacturing
- Location
- Illinois, United States
- Transaction Type
- Addon
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