Consolidated Machine & Tool Holdings (CMTH), a portfolio company of White Wolf Capital, announced simultaneous acquisitions of Waiteco Machine and Specialty CNC on August 14, 2020.
The transactions expand CMTH's manufacturing capabilities through advanced CNC equipment and skilled machinists. According to Sean Lafferty, CMTH's CFO, "We are excited to have Waiteco and Specialty CNC join our team. Both companies have talented management and staff, and we look forward to helping them grow."
Elie Azar, Managing Director and CEO of White Wolf, noted that "CMTH has closed on five add-on acquisitions this year alone," emphasizing enthusiasm for continued growth and benefits for employees and customers.
Waiteco, founded in 1982 in Devens, MA, provides contract machining and assembly services. Specialty, established in 1998 in Bloomington, IN, serves defense, aerospace, and medical industries.
CMTH seeks acquisitions meeting specific criteria: $5-50 million revenue, precision machining specialization, relevant certifications (AS9100, ISO:9001, ITAR), and tier-supplier status across aerospace, defense, medical, and industrial sectors.