June 30, 2017 — Acquisitions
White Wolf Capital announced that its newly formed platform company, Consolidated Machine & Tool Holdings, LLC (CMTH), acquired a majority stake in Astro-Tek Industries, Inc. Transaction specifics were not disclosed.
Elie Azar, Managing Director of White Wolf, expressed enthusiasm about the partnership, stating the transaction "will provide access to additional capital and resources" for growth initiatives. Terry Smith, President of Astro-Tek, noted the company was "very excited to partner with White Wolf" and highlighted their experience in manufacturing and defense industry connections.
Astro-Tek manufactures specialized equipment for aerospace and defense companies involved in aircraft, satellite, rocket, and missile production, testing, and maintenance. The company handles in-house design, laser cutting, machining, welding, assembly, testing, and painting. Based in Anaheim, California, Astro-Tek specializes in complex hard and soft metal components.
CMTH, formed by White Wolf in March 2017 as a Delaware LLC, targets U.S. manufacturing businesses earning $5-25 million in revenue, focusing on precision machining and aerospace/defense component design. White Wolf itself, operational since 2011, pursues direct and indirect investments in North American middle-market companies, targeting firms with $20-200 million in revenues across manufacturing, business services, government services, and aerospace sectors. The firm maintains offices in Miami, Chicago, Montreal, and New York City.