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Z Capital Strengthens Position in Tooling Product Industry with Acquisition of Techniks Tool Group
Monday 11 February 2019

11 February 2019 - Affiliates of Illinois, US-based Z Capital Group, L.L.C. private equity management arm Z Capital Partners, L.L.C. , the private equity management arm of Z Capital Group L.L.C. have acquired Indiana, US-based tool holding products supplier Techniks Tool Group (TTG), the company said.
Terms of the transaction were not disclosed.
Z Capital said TTG's differentiated approach and flexible manufacturing model links world-class domestic and overseas production to an extensive network of distributors and end users to generate strong organic revenue growth in a fragmented industry.
Z Capital said it believes that TTG is well positioned to expand into new end-markets and geographies and execute on a robust global pipeline to consolidate the industry.
Techniks Tool Group is provider of tool holding and workholding products used in CNC machine applications for industrial end markets.
Z Capital Group, L.L.C. and its subsidiaries are a leading alternative asset management firm with approximately USD 2.3 billion of regulatory assets under management.
Date Published: 11/02/2019
Target: Techniks Tool Group
Country: USA
Sector: Machinery/Engineering
Type: LBO
Status: Closed
Buyer: Z Capital Group
Terms of the deal were not disclosed