NEW YORK, Oct. 21, 2015 /PRNewswire/ -- GenNx360 Capital Partners ("GenNx360"), a New York-based private equity firm investing in middle market business-to-business industrial manufacturing and business services companies, announced today that its portfolio company Tooling Technology Holdings, LLC ("Tooling Tech") has completed the acquisition of G.H. Tool & Mold, Inc. ("GH Tool"), a Washington, Missouri-based company specializing in the design and manufacturing of high-quality tooling for die casters in the automotive, outdoor products and aerospace industries.
Tooling Tech, which was acquired by GenNx360 in July of 2014, is a leading supplier of high-quality 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 GH Tool transaction represents the second add-on acquisition Tooling Tech has completed under GenNx360's ownership this year. Tooling Tech acquired Majestic Industries, one of the few progressive die makers in the U.S., in May of this year. The three tooling companies form the GenNx360 Tooling platform and are a one-stop shop for compression molding, progressive dies, transfer dies, thermoforming, blow molding, rotational molding, low to medium parts production, die cast tooling and precision machining services serving a diverse set of end markets including automotive, industrial, aerospace, outdoor products, automation and quick-change products.
"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.
"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 Gerry Hellebusch, GH Tool's founder.
"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, the GenNx360 Partner who led the transaction.
About GenNx360 Capital Partners
GenNx360 Capital Partners is a private equity firm focused on investing in industrial manufacturing and business services companies in the middle market. It applies years of Fortune 50 operational and leadership experience to these investments to help drive growth and value creation. The firm primarily focuses on opportunities in the industrial machinery and components, industrial services, oil and gas, logistics and supply chain solutions, agricultural, specialty chemicals, and aerospace sectors. GenNx360 was founded in 2006 and is headquartered in New York City. For more information about GenNx360, please visit: www.gennx360.com
About Tooling Technology Holdings, LLC
Tooling Technology Holdings, LLC, founded in 1982 and headquartered in Fort Loramie, Ohio is a leading supplier of high-quality 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 full range of in-house capabilities, including patterns, models, cast tooling, finishing, CNC machining as well as design and engineering, provides customers with a complete, one-stop solution for their tooling needs. For more information about Tooling Technology Holdings, please visit: www.toolingtechonline.com
About GH Tool
G.H. Tool & Mold, Inc. engineers, designs and manufactures die cast tooling to the automotive, outdoor products and aerospace industries. It makes both newly engineered dies for tooling and replacements for dies that are already in operation. It also manufactures and stocks parts and replacement inserts for customer molds. It has a strong team of sales engineers and designers that are focused on providing the industry partners with a competitive advantage by offering innovative tooling solutions that enhance overall productivity. For more information about GH Tool, please visit: www.ghtool.com
For media inquiries about this press release, please contact:
GenNx360 Capital Partners
Carmen Rojas, Investor Relations Manager
Tel: +1 212.257.6772
SOURCE GenNx360 Capital Partners