Tooling Technology Holdings, a portfolio company of GenNx360 Capital Partners, has completed the acquisition of G.H. Tool & Mold (GH Tool), a designer and maker of tooling for die casters in the automotive, outdoor products and aerospace industries. GenNx360 first invested in Tooling Technology in July 2014 through its third investment fund GenNx360 Capital Partners’ Fund II.
GH Tool engineers, designs and manufactures die cast tooling that is used in the automotive, outdoor products and aerospace industries. The company makes both newly engineered dies for tooling and replacements for dies that are already in operation. GH Tool also manufactures and stocks parts and replacement inserts for customer molds. G.H. Tool was founded in 1985 by Gerry Hellebusch and is headquartered west of St. Louis in Washington, MO (www.ghtool.com).
“We are delighted to partner with GenNx360 and Tooling Tech at this stage of our evolution. The rich operational expertise and industry relationships that GenNx360 and Tooling Tech bring to our business will help us grow at a much faster pace,” said Mr. Hellebusch.
Tooling Technology is a supplier of tooling for a variety of material forming processes including thermoforming, twin-sheet and single-sheet vacuum forming, pressure forming, compression molding, rotational molding, blow molding, resin transfer molding, rubber and polyurethane molding, carpet and metal stamping, foundry tooling and pulp molding. The company has approximately 100 employees and has production facilities in Fort Loramie and Fremont, OH and an engineering design facility in Grand Rapids, MI. Tooling Technology was founded in 1982 and is headquartered north of Dayton in Fort Loramie, OH (www.toolingtechonline.com).
“We are excited about the addition of GH Tool to our tooling platform. We believe there is enormous potential for revenue synergies from combining these businesses,” said Matthew Guenther, a partner at GenNx360 Partner.
“GH Tool is another strategic acquisition providing us with increased visibility to the automotive programs, enhancing our tooling capabilities to serve different end markets, and widening our geographical reach in the southern United States and Mexico,” said Tony Seger, CEO of Tooling Tech.
The GH Tool transaction represents the second add-on acquisition Tooling Tech has completed under GenNx360’s ownership this year. In May 2015, Tooling Tech acquired Majestic Industries, a manufacturer of progressive and transfer dies used for stamping automotive parts. Majestic is based in the Detroit suburb of Macomb Township (www.majesticind.net).
GenNx360 is a private equity firm focused on investing in industrial business-to-business companies in the middle market. Sectors of interest include aerospace & defense; automotive; building products; food & agriculture; healthcare; metals & mining; oil & gas and power; packaging, specialty chemicals; and transportation. GenNx360 was founded in 2006 and is headquartered in New York (www.gennx360.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 10-21-15
