Calder Capital is thrilled to share that Cameron Tool Corporation of Lansing, Michigan has been acquired by Tool Tech of Springfield, Ohio.
Tool Tech, founded in 1986, has established itself as a leader in the industry, with a legacy of delivering exceptional quality and results. The company offers a full suite of services, from designing and building cutting-edge tools and machinery, to repairing and modifying existing equipment to meet the most demanding requirements.
In 2018, Tool Tech was acquired by a trio of seasoned businessmen, Kevin Kroos, Rick Meizlish, and Jim Klingbeil, who saw the potential for Tool Tech to reach new heights. With their combined expertise and passion for the industry, they set out to expand the company’s reach while staying true to their roots and commitment to delivering world-class products and services. The trio engaged Calder Capital’s Buy-Side team in search of a company to fit their portfolio.
Cameron Tool Corporation, established in 1966 with just three pioneers, has undergone a phenomenal transformation, expanding to an 85-strong workforce over the last 55 years. This company is a true champion in the tool and die manufacturing world, setting the bar for excellence and innovation. With a focus on serving the aerospace, industrial, military, and auto industries, Cameron Tool Corporation is well-known for delivering top-notch products and services. And now, the acquisition by Tool Tech has elevated their game to new heights, offering a seamless synergy that brings together two powerhouse companies. This acquisition allows the company to better serve its current clients while putting the pedal on the floor for new growth opportunities.
“The acquisition of Cameron Tool aligns with Tool Tech’s commitment to manufacturing excellence and continuous improvement. We believe in investing in our facilities and employees to provide our customers with innovative solutions,” commented Kevin Kroos, Managing Partner of Tool Tech.
“On behalf of the entire Cameron Tool team, we are excited about joining forces with Tool Tech going forward. The resources of our united platform will open new doors for the combined business, providing significant new opportunities for all of our employees,” said Tracy Selden, President of Cameron Tool.
Matt Uhl served as the lead Mergers and Acquisitions Advisor to Tool Tech.
“It’s been an absolute pleasure working with the Tool Tech team over the past several months,” shared Matt regarding the transaction, “I am so grateful for the opportunity they gave Calder to showcase our abilities and bring them some truly outstanding companies. After careful consideration, we couldn’t be more thrilled with the outcome – Cameron Tool Corporation is the perfect match! I’m excited about the growth and success that lies ahead for the company, now that they’re a part of the Tool Tech family.”
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to Tool Tech.
About Cameron Tool Corporation
Cameron Tool Corporation, a trailblazer in the die building and repair, production, stamping, and machining industry, was founded in 1966 by the visionary John Pettinger. Over the last 55 years, the company has cultivated a rich tradition of excellence, continuously pushing the boundaries and setting new quality standards. In 2013, Cameron Tool Corporation became an Employee Stock Ownership Plan (ESOP), giving their hardworking employees a stake in the company’s success and fostering a culture of collaboration and innovation. With a wide range of tool and die capabilities, Cameron Tool Corporation is a true master in their field. Cameron Tool Corporation is a shining example of what can be achieved with determination, dedication, and a relentless pursuit of excellence.
About Tool Tech, LLC
Based in Springfield, Ohio, Tool Tech, LLC has been a true leader in the world of tool and die and stamping manufacturing since 1985. This company is synonymous with excellence, taking great pride in everything they do, from designing and building cutting-edge metal stamping dies, tools, fixtures, and machines, to modifying and repairing existing equipment to meet the most demanding requirements. With a team of highly skilled designers, programmers, and tool makers, Tool Tech is dedicated to delivering the highest quality products and services that exceed the expectations of their clients. They have built a culture of pride and longevity amongst their staff, which allows the company to continue its legacy of outstanding performance and drive continuous progress.
About Calder Capital, LLC
Calder Capital, LLC is a lower middle market investment bank providing mergers and acquisitions advisory services to business owners, entrepreneurs, family offices, and investors across the United States. Our dedicated team of professionals combines extensive industry experience, technological innovation, negotiation savvy, and key relationships to exhibit exceptional execution. Calder’s services include mergers and acquisitions advisory, private funds and capital markets advisory, and business valuations.