February 28, 2018 — Acquisitions
White Wolf Capital announced that its platform company, Consolidated Machine & Tool Holdings, LLC (CMTH) has acquired a majority stake in LCP Machine, Inc. Transaction specifics were not made public.
Elie Azar, Managing Director of White Wolf, expressed enthusiasm about the partnership: "We are proud to partner with the management team at LCP and are committed to providing the necessary resources to help accelerate the Company's growth initiatives."
Sean Lafferty, President of LCP, commented on the collaboration, stating the company looked forward to leveraging White Wolf's expertise and network within precision machining to support expansion efforts.
LCP, established in 2003, specializes in CNC precision machining for aerospace, defense, energy, and industrial sectors. The company manufactures components using advanced CNC equipment with multi-axis capabilities and operates from Bunnell, Florida.
CMTH was created by White Wolf in March 2017 as a Delaware entity targeting acquisitions of U.S. manufacturing firms valued between $5 million and $50 million in the precision machining and aerospace-defense sectors. In June 2017, CMTH acquired Astro-Tek Industries, a precision machining company based in Anaheim, California.
White Wolf Capital, operational since 2011, focuses on direct and indirect investments in North American middle-market companies. The firm targets investment opportunities ranging from $20 million to $200 million in revenue, with office locations in Miami, Chicago, Montreal, and New York City.