Consolidated Machine & Tool Holdings (CMTH), a White Wolf Capital portfolio company, announced the acquisition of Delva Tool & Machine Corp (DTM), which was owned by Stephen Voellinger.
The transaction brings "leading blue-chip customers in the defense industry" and "state of the art manufacturing capabilities through the use of advanced robotics" to CMTH's existing nine locations. The acquisition provides DTM with capital access and growth opportunities.
Sean Lafferty, CMTH's CFO, stated: "We are pleased to welcome Delva Tool and Machine to the CMTH family. Their expertise in automation and complex defense components is an excellent addition."
Elie Azar, White Wolf's Managing Director and CEO, remarked: "We are very excited to welcome Delva into the CMTH family."
CMTH, established in early 2017, is a platform company specializing in precision machining, fabrication, assembly, and design of engineered components. All locations hold AS9100, ISO:9001, and ITAR certifications.
DTM was founded in 1962 and has provided contract machining and fabrication services to aerospace and defense customers. The company is based in Cinnaminson, New Jersey.