White Wolf Builds Machining Platform

White Wolf Builds Machining Platform

Consolidated Machine & Tool Holdings, a portfolio company of White Wolf Capital, has acquired LCP Machine.

LCP Machine is a precision machining company that manufactures both small and large quantities of product utilizing advanced CNC lathes and mills with live tooling and CNC mills with full 5 axis capabilities. The company’s customers are active in the aerospace, defense, energy and industrial sectors. LCP Machine was founded in 2003 and is based 75 miles north of Orlando in Bunnell, FL (www.lcpmachine.com).

Consolidated Machine & Tool (CMTH) was formed by White Wolf in March 2017 as a special purpose entity to acquire US 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 Astro-Tek Industries, a precision machining company that builds specialized equipment used by Tier 1 aerospace and defense companies to manufacture, maintain, and service aircraft, satellites, rockets, and missiles.  Astro-Tek is based in Anaheim, CA (www.astro-tek.com).

“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 of LCP Machine.

“We are proud to partner with the management team at LCP Machine and are committed to providing the necessary resources to help accelerate the company’s growth initiatives,” said Elie Azar, Managing Director of White Wolf.

White Wolf makes investments in companies with $10 million to $100 million in revenues and up to $10 million in EBITDA.  Industries of specific interest include manufacturing, business services, information technology, security, aerospace and defense. The firm was founded in 2011 and is based in New York (www.whitewolfcapital.com).

© 2018 Private Equity Professional | March 23, 2018

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