Yukon and GenNx360 Recaps TTG

8/9/17

MINNEAPOLIS–(BUSINESS WIRE)–Yukon Partners, a provider of mezzanine capital for middle market private equity transactions, is pleased to announce it has partnered with GenNx360 Capital Partners in the recapitalization of its portfolio company Tooling Technology Group.

TTG, headquartered in Fort Loramie, Ohio, produces an extensive line of custom, precisely engineered, production tools and related equipment, primarily for the automotive industry. TTG’s broad tooling capabilities enable the Company to provide tooling used to produce a wide variety of vehicle components, including powertrain components, valve bodies, hood components, dashboard components, roof components, trunk components, and wheel liners. The Company’s manufacturing operations are fully integrated across the entire production process, from engineering/design to finishing and prototyping. Over the past several years, TTG has expanded its tooling offering to support over 90% of North American manufactured automotive platforms. Non-automotive uses for the Company’s tooling products include manufacturing refrigeration panels, kayaks, gas cans / water tanks, and small engines for lawn & garden equipment. The Company’s customer base includes automotive OEMs, Tier I and II automotive suppliers, as well as consumer and industrial products companies.

Yukon provided mezzanine capital to facilitate the transaction and acquired a minority equity interest. Dorsey & Whitney LLP served as legal counsel to Yukon.

Matt Guenther, Managing Partner of GenNx360 commented, “GenNx360 is excited to partner with Yukon as TTG enters its next phase of growth. Following strong organic growth and two successful add-on acquisitions in 2015, this recapitalization provides the Company with a strong capital base going forward.”

Michael Hall, Managing Partner of Yukon added, “TTG’s manufacturing and engineering expertise, as well as its dedication to superior service, position the Company as a critical partner to its blue-chip customer base. A number of factors are at play right now in the auto industry that provide a favorable backdrop for tooling manufacturers and we are excited to be partnering with GenNx360 and their industry leading platform in TTG, as they continue to execute their value-added strategy.”

About Tooling Technology Group

Tooling Technology Group, founded in 1982 and headquartered in Fort Loramie, Ohio, is a leading supplier of high-quality tooling for a variety of material forming processes including: thermoforming, twin-sheet and single-sheet vacuum forming, pressure forming, compression molding, rotational molding, blow molding, resin transfer molding, rubber and polyurethane molding, carpet and metal stamping, foundry tooling and pulp molding. The full range of in-house capabilities, including patterns, models, cast tooling, finishing, CNC machining as well as design and engineering, provides customers with a complete, one-stop solution for their tooling needs. For more information, please visit www.toolingtechgroup.com.

About Yukon Partners

Yukon Partners is an independent and unaffiliated junior capital provider, primarily serving middle market private equity sponsor led business transactions in the U.S. and Canada. The transactions in which Yukon invests include buyouts, growth and platform strategies, recapitalizations, mergers/acquisitions, and public-to-private buyouts. Yukon typically invests $10 to $50 million per transaction and currently manages approximately $1.2 billion across three funds. Yukon Partners is based in Minneapolis, Minnesota. For more information, please visit www.yukonpartners.com.

About GenNx360 Capital Partners

GenNx360 Capital Partners is a private equity firm focused on acquiring middle market industrial and business services companies. GenNx360 invests in companies with proven and sustainable business models in expanding industries with the objective of implementing the required operating changes to deliver cost efficiencies, accelerate growth, and generate strong financial returns. Target industries include industrial machinery and components, logistics and supply chain solutions, industrial and environmental services, food and agricultural, infrastructure equipment and services, specialty chemicals, packaging, and aerospace and defense. GenNx360 was founded in 2006 and is headquartered in New York City. For more information about GenNx360, please visit: http://www.gennx360.com.

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