Thompson Street Capital Partners Sells Detroit Tool & Engineering Company
St. Louis (September 23, 2016) — Thompson Street Capital Partners (TSCP), a private equity fund based in St. Louis, today announced the sale of its portfolio company DTE, Inc. (dba Detroit Tool and Engineering) to RCD LLC, a management and investment group. Terms of the deal were not disclosed.
Lebanon, Missouri-based DTE, Inc., is a full-service engineering and manufacturing company providing custom automation solutions, custom equipment design, tool and die manufacturing, and build-to-spec services for a variety of industries including the appliance, agriculture, automotive, medical, pharmaceutical and consumer product markets.
Jim Cooper, TSCP Managing Partner said, “Throughout our long-term partnership with DTE we’ve worked closely with the company’s strong team to strengthen Detroit Tool and Engineering’s position in its served markets while building upon the company’s well-earned reputation for world-class service and expertise.” Added Cooper, “We’ve appreciated the opportunity to partner with and grow this successful Missouri-based company and we’re confident that DTE is very well positioned for continued success with its new investors.”