Thompson Street Capital Partners and Onward Capital Have Partnered to Acquire Tech Manufacturing, LLC, Add-On to Platform Company Domaille Engineering
ST. LOUIS (February 1, 2018) – Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, and Chicago-based private equity firm Onward Capital announced today that they have partnered to acquire Wright City, Missouri-based Tech Manufacturing, LLC (www.techmanufacturing.com) as an add-on to their platform company Domaille Engineering. Tech Manufacturing is a manufacturer of complex 5-axis structural aerospace parts. Terms of the transaction were not disclosed.
Recognized as a “Top Shop” by Modern Machine Shop Magazine in September, 2016, Tech Manufacturing has special expertise in complex contoured parts and monolithic components that require 5-axis milling, whether made of aluminum, steel, titanium, or other materials. The Company specializes in CNC precision machining of structural aerospace parts for commercial, military and business airframes. Tech Manufacturing maintains AS9100 Rev C and ISO 9001:2008 certifications, is Fracture Critical/Traceable Part compliant, ITAR Registered and DPD (Digital Product Definition) compliant.
Said Tim Kanne, President of Domaille Engineering, “We are thrilled to have Tech Manufacturing join the Domaille family. The resulting combination of talent and resources allows us to deliver a broader solution to our customers, which provides for excellent growth opportunity.”
“Onward Capital is extremely pleased to add Tech Manufacturing to the Domaille portfolio. With this combination we will continue to seek complementary acquisition opportunities for the combined platform,” said Marcus George, Partner at Onward Capital.
Jim Cooper, TSCP Managing Partner, said, “TSCP is extremely impressed with Tech Manufacturing, not just with their unique capabilities and skillsets, but with their management and staff. The Company’s reputation for excellence is known industry wide.” Added Mr. Cooper, “Tech is a strong addition to the Domaille family with a huge potential for growth, and TSCP is proud to welcome them.”