Deal Announcement
September 30, 2020 – Consolidated Machine & Tool Holdings (“CMT”), a portfolio company of White Wolf Capital (“White Wolf”), is pleased to announce the acquisition of Delva Tool & Machine Corp (“DTM”), owned by Stephen Voellinger. This acquisition brings leading blue-chip customers in the defense industry, state of the art manufacturing capabilities through the use of advanced robotics, and adds further capacity to CMTH’s existing nine locations. The acquisition benefits DTM by providing access to capital, supporting their continued growth, and future growth opportunities. Details of the transaction were not disclosed.
Sean Lafferty, CFO of CMT, noted, “We are pleased to welcome Delva Tool and Machine to the CMT family. Their expertise in automation and complex defense components is an excellent addition to our current capabilities. We look forward to working with the Delva team”.
Elie Azar, a Managing Director and CEO of White Wolf, noted, “We are very excited to welcome Delva into the CMTH family and look forward to a great future together.”.
The DAK Group, Ltd. served as exclusive financial advisors to DTM.
About CMT
CMT, started by White Wolf Capital, LLC in early 2017, is a platform holding company comprised of industry leading manufacturers specializing in precision machining, fabrication, assembly, and design of highly engineered components. CMT locations are AS9100, ISO:9001, and ITAR certified. CMT has a seasoned management team with experience serving various blue chip customers across multiple industries.
About Delva Tool
DTM, founded by Stephen Voellinger Sr. in 1962, and run by Stephen Voellinger Jr. since 1994, provides contract machining, fabrication, engineering and complex assembly services for top aerospace & defense customers nationally. DTM boasts an experienced team of engineers, machinists, and programmers with experience in advanced robotics, milling, and lathe machining across various types of metals. DTM is located in Cinnaminson, NJ. www.delvatool.com
About White Wolf
White Wolf is a private investment firm that began operations in late 2011 and is focused on management buyouts, recapitalizations and investments in leading middle market companies. In general, White Wolf seeks both private equity and private credit investment opportunities in companies that are headquartered in North America with $10 million to $100 million in revenues and up to $10 million in EBITDA. Preferred industries include: manufacturing, business services, information technology, security, aerospace and defense. For further information, please visit: www.whitewolfcapital.com.
CMT Actively Seeking Acquisitions
CMTH is actively seeking add-on acquisition opportunities that meet the following criteria:
Revenue of $5 million to $50 million
Specializing in contract precision machining, fabrication, assembly, and design of highly engineered components
Serving the aerospace, defense, medical, heavy industrial, power, agricultural as well as other end markets
Certified by: AS9100, ISO:9001, and/or ITAR
Tier-1 or Tier-2 supplier status
Please contact us to discuss potential acquisition candidates.
