Rochelle Park, NJ – DAK, a leading investment bank specializing in middle market mergers and acquisitions worldwide, announces the sale of its client Delva Tool and Machine Corporation to Consolidated Machine & Tool Holdings, LLC, a portfolio company of White Wolf Capital.
DAK served as the exclusive investment banker and financial advisor to Delva Tool initiating and managing the process.
“Delva Tool is an innovative company, and true industry pioneer. We are proud to have worked with them on this next step of their journey, particularly during this challenging period in our country. Delva Tool’s owner has gained a strategic partner to help accelerate their industry leadership position, while ensuring the legacy of the company and its employees.” stated Steve Raymond, Managing Director at DAK who led the transaction, along with Melvyn Threatt- Peters II, Vice President and Samuel Walsh, Analyst.
DAK ran a competitive divestiture process and despite the global pandemic, garnered numerous offers. Consolidated Machine Tool Holdings (CMTH) was identified as the ideal acquirer providing a similar culture and vision for growth. “We are excited to be part of such a robust organization, where our clients and employees will enjoy additional benefits and continue to grow and succeed” stated Steve Voellinger, CEO, Delva Tool.
This transaction capitalizes on Delva Tool’s position as a leading innovator of precision machining services for world class customers in the aerospace & defense, energy, medical device, and industrial markets for over 55 years. Known for its remarkable turnaround and delivery times, Delva’s capabilities and domain expertise will enhance CMTH’s position in the aerospace & defense industry while also diversifying its customer base.
DAK is a leading investment bank serving middle market privately held businesses in the areas of mergers and acquisitions, business sale, financial restructuring, bankruptcy, capital advisory, valuations and fairness opinions. Since 1984, DAK 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. DAK is headquartered in Rochelle Park, NJ with an office in Philadelphia.
About Delva Tool and Machine Corporation
Delva Tool and Machine Corporation is a leading provider of precision machining services to the aerospace & defense, medical device, energy, and industrial markets located in the Northeast. The Company’s 55+ year reputation for quality, price, and reliability has earned them preferred vendor status with blue-chip customers and positioned them as a trusted a strategic and supply chain partner. FLARE provides a wide variety of machining services, including CAD/CAM, CNC prototyping, high volume production machining, cellular machining, electro-mechanical assembly, induction soldering, metrology, and kitting services.
About Consolidated Machine Tool Holdings, LLC
CMTH, 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. CMTH locations are AS9100, ISO:9001, and ITAR certified. CMTH has a seasoned management team with experience serving various blue chip customers across multiple industries.
About White Wolf Capital, LLC
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.
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