Generational Equity Advises Mill Creek Machining in Sale to Consolidated Machine & Tool Holdings, a Portfolio Company of White Wolf Capital

By Generational Equity

02/05/2020

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Mill Creek Machining, Inc., to Consolidated Machine & Tool Holdings, LLC (“CMTH”), a portfolio company of White Wolf Capital, LLC (“White Wolf Capital”). CMTH is a platform holding company formed in 2017 by White Wolf Capital to acquire industry-leading manufacturers specializing in precision machining, fabrication, assembly, and design of highly engineered components.

The acquisition closed January 15, 2020 and details were not disclosed.

Mill Creek Machining (MCM), located in Paulina, Iowa, is a contract precision machining company that makes custom parts for manufacturing customers to assemble into specific products. MCM provides services for clients in different industries, such as railroad, fabrication/machinery, hydraulics, material handling, agricultural equipment, power equipment, and many more. MCM has maintained success by integrating operations with those of select customers to ensure the exact products are available when the customers need them. In addition, MCM has excelled at delivering difficult or complex products in short timeframes that are necessary to help customers meet timelines or have projects returned on schedule. MCM is ISO 9001: 2015 certified and is focused on product quality, its customers, and the company’s total commitment to continuous improvement. Prior to this transaction, MCM was solely owned by Justin Stamer, President and General Manager.

Located in Miami, FL, White Wolf Capital is a private equity firm that began operations in late 2011 and is focused on making control-investments in leading middle market companies. They believe in a solutions-oriented and flexible investment approach. Typical situations include leveraged buyouts, management buyouts and recapitalizations. They focus on investment opportunities that are headquartered in North America operating in a number of industries. Preferred industries include manufacturing, business services, information technology, security, aerospace and defense. The White Wolf Capital acquisition team was led by Managing Director Elie Azar, Vice President Rich Leggio II, Senior Associate Andres Gutierrez, and Associate Alon Debbi.

Generational Equity Managing Director Don Ho was the dealmaker that successfully closed the transaction. “Having evaluated dozens of contract machine shops in my 15-year tenure, I can honestly say that Mill Creek Machining is an exceptional company with a phenomenal and humble leader in Justin Stamer. Justin runs one of the cleanest and most advanced shops while maintaining its dedication to quality and customer service. During our search, we were so fortunate to attract the attention of White Wolf Capital, which was our number one pick given their excellent reputation. The obvious synergies that both Mill Creek Machining and White Wolf Capital/CMTH will bring to each other will allow the combined companies to advance to the next level. It has been a pleasure representing Mill Creek Machining and equally so working with such a professional buyer as White Wolf Capital,” said Mr. Ho.

Mr. Ho is a senior dealmaker in Executive Managing Director Michael Goss’ Transaction Group. Chief Revenue and Strategy Officer Terry Johnson and Executive Managing Director Randy Kamin established the initial relationship with Mill Creek Machining and brought them on board as a client.

White Wolf Capital Managing Director Elie Azar Stated, “It was an absolute pleasure working with Don Ho and the team at Generational Equity. We sincerely appreciate the opportunity and look forward to our new partnership with Justin Stamer and the Mill Creek team”.

After the conclusion of the transaction, President Justin Stamer said, “I am so grateful to have Don Ho and Generational Equity represent me in the market. I began working with Don in 2019 and immediately knew he had my best interest in mind and was fighting for me, and I can’t put into words what that meant to me. Through this process, I learned a ton about a world I knew nothing about before working with Don, and my hat is off to him for taking the time to coach and explain everything to us as questions and situations came up. There is no doubt in my mind that we got the best possible outcome from this acquisition because of Don’s knowledge and ability to patiently walk us through it.”

Mr. Ho added, “This transaction was also a success due to the hard work and dedication of our legal team lead by Blaine Statham, Partner, and Courtney Chouinard, Associate, at Haynes & Boone. Given the complexity of this transaction, it was great to have these two seasoned M&A attorneys negotiate legal documents as we went up against a seasoned law firm as Ice Miller that represented CMTH and White Wolf Capital.”