(PRWEB) March 22, 2018
White Wolf Capital LLC (“White Wolf”) is pleased to announce that its platform company, Consolidated Machine & Tool Holdings, LLC (“CMTH”) has acquired a majority stake in LCP Machine, Inc. (“LCP” or the “Company”).
Details of the transaction were not disclosed.
Elie Azar, Managing Director of White Wolf, noted “We are proud to partner with the management team at LCP and are committed to providing the necessary resources to help accelerate the Company’s growth initiatives”.
“We are very excited to partner with White Wolf and we look forward to taking advantage of White Wolf’s financial and industry experience as well as their network in the field of precision machining. We are confident that this new partnership will help facilitate our expansion and ensure our success” said Sean Lafferty, President.
Founded in 2003, LCP is a CNC precision machining company serving a number of industries, including aerospace, defense, energy and industrial. The Company manufacturers both small and large quantities of product utilizing advanced CNC lathes and mills with live tooling and CNC mills with full 5 axis capabilities. LCP is based in Bunnell, Florida. For further information, please visit: http://www.lcpmachine.com.
CMTH was formed by White Wolf in March 2017 as a Delaware limited liability company. CMTH is a special purpose entity that was formed to acquire U.S. manufacturing businesses with revenues of $5 million to $50 million specializing in precision machining, fabrication, assembly, and design of highly engineered components for the aerospace and defense industries.
In June 2017, CMTH acquired a majority stake in Astro-Tek Industries, a precision machining company focused on the aerospace, defense, space/satellite and industrial sectors. Astro-Tek Industries is based in Anaheim, California.
For further information, please visit: http://www.cmtholdings.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 mezzanine and private equity 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: http://www.whitewolfcapital.com.