Thompson Street Capital Partners (TSCP), a private equity firm based in St Louis, and Chicago-based private equity firm Onward Capital, have partnered to acquire Wright City, Missouri-based Tech Manufacturing as an add-on to their joint platform company, Domaille Engineering.
Terms of the transaction have not been disclosed.
Tech Manufacturing is a manufacturer of complex five-axis structural aerospace parts. The company has special expertise in unique contoured parts and monolithic components that require five-axis milling, whether made of aluminium, steel, titanium, or other materials. Tech Manufacturing specialises 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.
Tim Kanne, President of Domaille Engineering, says: “We are thrilled to have Tech Manufacturing join the Domaille family. The resulting combination of talent and resources will allow us to deliver a broader solution to our customers, which will enable us to execute on significant growth opportunities.”
Marcus George, Partner at Onward Capital, says: “Onward Capital is extremely pleased to add Tech Manufacturing to the Domaille brand. With this partnership, we will continue to seek complementary acquisition opportunities for the combined platform.”
Jim Cooper, Managing Partner of TSCP, says: “We have been very impressed with Tech Manufacturing, not just with their unique capabilities and skillsets, but with their management and staff. The Company’s reputation for excellence from a product and service standpoint is known industry wide. This represents a strong addition to the Domaille family with opportunistic growth, and TSCP is proud to welcome them.”
