Sell Side Advisor

Duff & Phelps' Aerospace Defense and Government Services (ADG) M&A Advisory Team Advised Thaler Machine on its Sale to Cognitive Capital Partners

On February 27, 2020, The Thaler Machine Company ("Thaler Machine" or the "Company") was acquired by Cognitive Capital Partners, LLC. Thaler Machine is a manufacturer and supplier of complex, mission and flight-critical components and hardware to the missile defense and aerospace engine markets.

Duff & Phelps served as the exclusive financial advisor to Thaler Machine in connection with the transaction. PNC Mezzanine Capital provided financing for the acquisition. 

About Thaler Machine
Thaler Machine is a leading manufacturer and supplier of high precision, complex missile actuator, guidance, motor and warhead components and aircraft engine components. Thaler Machine’s manufacturing capabilities and decades of unmatched performance enable the Company to deliver complex components that meet military and aircraft OEM’s high-quality and strict tolerance guidelines. The Company has long-standing and contractual relationships with several of the largest aerospace and defense prime contractors and OEMs and is entrenched as a sole source, or one of only a few suppliers on next generation and high-growth missile, rocket and aircraft engine platforms. Coolidge Wall Co., L.P.A. served as legal counsel to Thaler Machine.

About Cognitive Capital Partners
Cognitive Capital Partners, LLC (“CCP”) is a Chicago-based middle-market private equity firm focused on investing in various sectors, including manufacturing and industrial services, defense, engineering, business services and data analytics. CCP focuses on investing in businesses in which human, organizational and intellectual capital are critical factors for success. CCP was founded in 2006 and typically invests $10 million to $50 million per company and seeks platform investments with strong management and EBITDA at the time of initial investment in a platform of $4 million to $15 million. Vedder Price served as legal counsel to Cognitive Capital Partners.

About PNC Mezzanine Capital
PNC Mezzanine Capital is a flexible junior capital provider with expertise financing buyouts, recapitalizations and consolidation strategies. PNC Mezzanine Capital invests in companies operating in a wide range of industries, but has particular interest in niche manufacturing, value-added distribution, business services, and consumer services. PNC invests $10 million to $50 million in custom combinations of subordinated debt and equity in companies with strong management, proven business models, stable cash flows, and a clear plan for growth.

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