Milton Industries Acquires Steck Manufacturing

Milton Industries Acquires ProMAXX Tool

December 7, 2022

Manufacturing

Chicago-based Milton Industries, in partnership with financial sponsor Levine Leichtman Capital Partners (LLCP), has acquired ProMAXX Tool, a designer and manufacturer of on-the-vehicle exhaust manifold repair kits and specialty hand tools. The acquisition expands Milton's product offering and market channels in the automotive and heavy-duty truck aftermarket; ProMAXX's founder Jeff Del Rossa will lead Milton's Specialty Tool Group.

Milton Industries Acquires LTI Tools (Lock Technologies) and Casey Tools

July 22, 2022

Manufacturing

Milton Industries has acquired Lock Technologies (designer and manufacturer of the LTI Tools brand) and the Casey Tools brand, both based in Naperville, Illinois. The deal expands Milton's product lineup and distribution channels into specialty automotive and technician tools; Wayne and Ellery Casey (the sellers) will remain involved in transition roles and retain/receive equity positions.

Align Capital Partners Acquires StenTech

June 1, 2022

Manufacturing

Align Capital Partners completed an acquisition of StenTech, a North American manufacturer of SMT stencils, pallets, tooling and related components. ACP's investment is the company's first institutional capital and will support commercial and operational expansion while founder Sibthain "Sip" Akbar transitions to the board and Brent Nolan becomes President.

Essex Industries Acquires Stevens Manufacturing

February 16, 2021

Aerospace & Defense

Essex Industries has acquired Stevens Manufacturing, a Milford, Connecticut-based precision machining firm that supplies OEM parts and sub-assemblies to the aerospace and defense rotorcraft market. The deal (effective February 16, 2021) expands Essex's aerospace and defense product portfolio and improves service coverage for customers in the Northeast; Stevens operates a single 62,000 sq. ft. facility with 54 employees and had been a J.H. Whitney Capital Partners portfolio company since 2014.

TMS International Acquires Stein (Stein, LLC / Stein Steel Mill Services, LLC)

December 31, 2020

Industrial Services

TMS International has acquired the business and assets of Stein, LLC and Stein Steel Mill Services, LLC, a family-owned provider of steel mill services headquartered in Cleveland, Ohio. The acquisition (approximately 500 employees) expands TMS's service capabilities and U.S. footprint, adding slag removal, scrap management, recycling, material handling and mill maintenance capabilities across seven states.

Levine Leichtman Capital Partners Acquires Milton Industries

November 22, 2019

Manufacturing

Levine Leichtman Capital Partners (LLCP) partnered with Milton Industries' management to acquire Milton Industries, a Chicago-based manufacturer of pneumatic tools and accessories. Milton offers over 1,600 SKUs serving vehicle service, industrial MRO, aerospace & defense and agriculture; the deal is the sixth investment from LLCP's Lower Middle Market Fund.