GWS Tool Group, a Tavares, FL-based provider of high performance consumable cutting tools, received an investment of undisclosed amount.
L Squared Capital Partners led the equity investment with participation from the GWS management team as well as the company’s incumbent financial sponsor, Addison Capital Partners. Varagon Capital Partners led the debt financing to support the recapitalization.
The company intends to use the funds to accelerate the expansion of its geographic footprint and investment in its people as well as its state-of-the-art facilities.
Led by Rick McIntyre, CEO, GWS Tool Group is a vertically integrated manufacturer of highly engineered custom, standard, and modified standard cutting tools, primarily servicing the aerospace and defense, power generation, automotive and medical sectors.
GWS has acquired multiple businesses in the course of its growth which now serve as the respective manufacturing divisions for the company.
FinSMEs
19/09/2019