GenNx360 has refinanced Tooling Tech Group
Tooling Tech Group
Headquartered in Fenton, Michigan, Tooling Tech Group is a leading North American provider of end-to-end tooling and automation solutions across numerous verticals and end markets. The company supports customers across the tooling lifecycle with design and engineering, repair services, primary and secondary fabrication and parts offerings.
Since its initial acquisition, GenNx360 Capital Partners, together with its affiliates, has grown the company to be one of the largest providers of tooling solutions in North America by expanding its offering across new products, customers, industries and verticals. In 2023, GenNx360 Capital Partners sought to optimize Tooling Tech’s capital structure to support the next phase of growth driven by strong industry tailwinds as OEMs launch new platforms with the global conversion to electric vehicles. Lincoln International served as placement agent for the transaction and despite the current volatile market conditions, was able to leverage deep industry knowledge, debt capital markets expertise, investor relationships and creative transaction structuring experience to arrange a one-stop unitranche financing solution.
Brent Williams, Managing Director in Lincoln’s Capital Advisory Group, stated, “Lincoln is honored to have been able to partner with Tooling Tech in such an important transaction. We were able to arrange a financing outcome that brought a great financial partner to Tooling Tech with a highly suitable financing package to support their long-term needs at a pivotal time for the industry.”
GenNx360 Capital Partners
Founded in 2006, GenNx360 Capital Partners is a private equity firm based in New York. The firm focuses its investments on industrial and business services companies in the U.S. middle market. The firm seeks to invest in the energy, healthcare, manufacturing and food technology sectors. With more than $1.8 billion in assets under management, GenNx360 has invested in 27 platforms and more than 60 bolt-on acquisitions.
The dedicated deal team I worked with at Lincoln were true professionals and delivered thoughtful advice and a great outcome by leveraging exceptional industry experience and deep lender relationships throughout the process.
Meet our Senior Team
View More Transactions in Capital Advisory
Lincoln International advised Hallmarq Veterinary Imaging, a portfolio company of August Equity, on its refinancing
Lincoln International advised Deutsche Private Equity and private shareholders on its sale of a majority stake in Green Mobility Holding to Rivean Capital
Lincoln International advised Founder, private shareholders, TUI Group and Brockhaus Private Equity on its sale of Peakwork to Vela Software, a subsidiary of Constellation Software
Lincoln International advised Medisolv on receiving a strategic investment from BVP Forge
Lincoln International advised toob in raising £300m of capital to support its network expansion
Lincoln International advised Colmec Group, a Scandinavian distribution platform for truck tire lifecycle management, on its sale to Norvestor
Lincoln International advised Ambienta and other shareholders on the sale of Next Imaging to Azimut Libera Impresa
Lincoln International advised Private shareholders on the sale of ISM Heinrich Krämer to Protective Industrial Products, a portfolio company of Odyssey Investment Partners
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.