Expanding The Power of Precision Manufacturing
Rochelle Park, NJ – The DAK Group, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, announces the sale of its client Tryco Tool & Manufacturing Inc. of Orange, NJ to Connecticut Spring & Stamping (CSS) headquartered in Farmington, Connecticut.
The DAK Group served as the exclusive investment banker and financial advisor to Tryco initiating and managing the process.
“The sale to CSS provides Tryco an excellent opportunity to continue to grow their vision, as well as simultaneously monetizing the exceptional business they have built” stated Mike Richmond, Managing Director who led the transaction.
The DAK Group led a competitive divestiture process garnering several offers, ultimately CSS emerged as the ideal acquirer to expand production capabilities and increase product breadth.
This transaction capitalizes on Tryco’s leadership position built on 75 years of creating high-quality precision stamping focused on complex progressive dies and production for commercial, electrical, and industrial markets. Tryco is a family business known for its engineering expertise, reliability, and continuous innovation to solve customers’ problems. The acquisition will provide Tryco’s customers with additional products and more customized capabilities. CSS will continue manufacturing in Orange, NJ for 3-6 months as they transition all production to their three facilities in Farmington and Southington Connecticut.
About DAK
www.dakgroup.com
The DAK Group is a leading investment bank serving mid-market privately held businesses in the areas of mergers and acquisitions, business sales, strategic leadership advisory, valuations, and fairness opinions. Since 1984, The DAK Group has executed hundreds of transactions across a wide range of industries. The DAK Value Accelerator is the propriety process that allows clients to maximize the value of their business. The DAK Group is headquartered in Rochelle Park, NJ.
About Tryco Tool & Manufacturing Co.
www.trycotool.com
A 75-year legacy of service providing tooling design and on site fabrication, with an open-minded approach at solving design problems for its customers. A leading metal stamping job shop specializing in precision stamping and sub-assemblies, in medium to long run volumes. Continuous improvement and absolute customer satisfaction are a way of life at Tryco. We have embraced the total quality commitment and are registered to ISO 9001 with ANSI/RAB through SGS U.S. Testing Company Inc. Systems & Services Certification.
About Connecticut Spring & Stamping (CSS)
www.ctspring.com
CSS (Connecticut Spring & Stamping) is a leading international precision manufacturer and has been a key strategic supplier of metal springs, progressive stampings, fineblanked stampings, machined components, and assemblies to diversified industries for over 85 years. As a family owned and managed company, we pride ourselves in our decades of experience, honed by our expertise in medical, defense/firearms, aerospace, and government components. The CSS level of customer focus, attention to detail, and production of quality parts will transfer to Tryco customers through a seamless transition. CSS is ISO9001, AS9100 & ISO13485 certified.
Like this Thought Leadership?
Sign up to receive: News, Industry Analysis, Updates & Invitations.
