Thompson Street Capital Partners and Onward Capital Acquire Domaille Engineering, LLC

ST. LOUIS (November 30, 2016) – Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced today that they have partnered with Chicago-based private equity firm Onward Capital to acquire Domaille Engineering, LLC headquartered in Rochester, Minnesota (www.domailleengineering.com). Terms of the transaction were not disclosed.

Domaille Engineering is a technology company committed to product leadership, customer intimacy and operational agility. The Company’s Optical Products division designs and manufactures industry-leading polishing machines and fixtures, inspection equipment and associated engineered products for the rapidly-growing fiber-optic cable market, while Domaille’s Precision Services division engineers and manufactures complex, mission-critical products for the defense, aerospace, national security, telecommunications, energy and medical sectors.

Laura Lester, Partner of Onward Capital said “Domaille has a great reputation for innovation, creativity, manufacturing excellence and customer service.” Marcus George, Onward Capital Partner added, “We look forward to working with the management team to build upon the Company’s already impressive record of success.”

Tim Kanne, President of Domaille, commented “We are delighted to be partnering with Onward Capital and Thompson Street Capital Partners. They will provide us with strategic and financial resources and industry contacts to achieve our shared vision for growth while maintaining our industry leading quality and service.”

Said Jim Cooper, TSCP Managing Partner, “TSCP has had excellent experiences working with the professionals at Onward Capital on a number of successful transactions over many years and Domaille will be no exception. Together with the Company’s strong management team, we will pursue an aggressive organic and acquisition-based growth plan.”

Byline Sponsor Finance Group, the cash flow lending division of Byline Bank, provided senior debt financing in support of the recapitalization. ORIX Mezzanine & Private Equity and NewSpring Mezzanine Capital provided mezzanine debt financing and co-invested equity. Quetico Partners served as advisor to the selling shareholder group.

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