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Z Capital acquires Techniks Tool Group

Affiliates of Z Capital Partners (Z Capital), the private equity management arm of Z Capital Group, have acquired Techniks Tool Group (TTG), a provider of tool holding and work-holding products used in CNC machine applications for industrial end markets.

Formed in 2017 through the combination of industry-leading brands Techniks and Parlec, which have more than 90 years of combined experience, Techniks Tool Group is among the providers of choice for mission-critical and productivity-enhancing aftermarket CNC tooling, cutting tool and work-holding solutions. TTG leverages world-class domestic manufacturing capabilities, a global high-value supply chain, R&D technologies and decades of innovation to service an extensive network of more than 1,500 metalworking and industrial distributors, machine OEMs and cutting tool manufacturers that serve a diverse and growing base of nearly 70,000 active ship-to locations. Building on its management team’s more than 100 years of combined industrial experience, TTG began implementing a strategic plan in 2018 to accelerate growth, including through add-on acquisitions.
 
“TTG is an innovative technology leader with an established track record, and its investments in people, systems and processes are driving significant momentum and positioning the business for long-term success,” says James Zenni, Chief Executive Officer of Z Capital Group. “I look forward to working with Dean and TTG’s seasoned leadership team to refine and execute the Company’s strategic plan to capitalise on a range of compelling opportunities for continued growth.”
 
“We are excited to partner with Z Capital to leverage its industrial expertise and operational experience building leading brands as we enter our next phase of growth,” says Dean Glover, CEO of Techniks Tool Group. “We look forward to continuing to build upon our industry-leading channel presence and diversified suite of products to achieve our growth plans, while staying true to the Company’s culture of best-in-class customer service and support.”
 
“TTG’s differentiated approach and flexible manufacturing model links world-class domestic and overseas production to an extensive network of distributors and end users to generate strong organic revenue growth in a fragmented industry,” says Rahul Sawhney, Senior Managing Director of Z Capital Partners. “With a strong management team that has significant acquisition experience, the Company’s excellent brand recognition and its acquisition-ready infrastructure, we believe that TTG is well positioned to expand into new end-markets and geographies and execute on a robust global pipeline to consolidate the industry.”

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