Tooling Technology, LLC (“TTG” or the “Company”) has been acquired by GenNx360 Capital Partners. The transaction closed on July 22, 2014.
About Tooling Technology, LLC
Tooling Technology, LLC (“TTG”) is a leading manufacturer of complete tooling solutions and automation systems for a wide variety of material forming processes. TTG is a single-source provider of tooling with in-house design, pattern making, prototyping, machining, casting, finishing, and modification services. The Company serves an established customer base of leading tier I and tier II automotive suppliers, as well as a diverse range of consumer and industrial products companies.
About GenNx360 Capital Partners
GenNx360 Capital Partners is a private equity firm focused on investing in industrial business-to-business companies in the middle market. It applies years of Fortune 50 operational and leadership experience to these investments to help drive growth and value creation. The firm primarily focuses on opportunities in the industrial machinery and components, oil and gas, logistics and supply chain management, agricultural, specialty chemicals, and aerospace sectors. GenNx360 was founded in 2006 and is headquartered in New York City, with additional offices in Seattle and Boston.
Duff & Phelps served as exclusive financial advisor to the shareholders of TTG and provided M&A advisory services in connection with the sale transaction.