Addison Capital Partners recaps G.W. Shultz Tool

Benchmark International has advised on the successful recapitalization of G.W. Shultz Tool, Inc.(GWS) by Addison Capital Partners (ACP) in partnership with the management team of GWS in an undisclosed deal.

Tavares, Florida-based GWS is a vertically integrated designer and manufacturer of highly engineered custom, standard and modified carbide cutting tools. AS9100 certified, GWS specializes in high performance custom carbide end mills, in addition to offering standard line tools, custom etching, coatings, and re-grinding services.

West Palm Beach, Florida-based ACP is a private equity investment firm that seeks out partnerships with owners and operators of middle market growth companies, often that are closely held or family owned, providing legacy stewardship, liquidity, growth capital and management resources to grow and build.

Speaking on the deal, GWS CEO, Greg W. Shultz commented, “This transaction strongly positions G.W. Shultz Tool’s success for the next level of growth by adding complementary partners to our organization. Specifically, this recapitalization allocates resources to GWS that we deemed critical in order to optimize the future trajectory within our key markets where we’ve sustained growth.

Discussing the successful transaction, Benchmark International Deal Leader Director, Kendal Stafford commented, “We all really enjoyed working on behalf of GWS in seeking an appropriate suitor. Our client was presented with a host of options to choose from and from these they felt that Addison presented the most suitable fit.”

It has been a pleasure working with everyone involved in the deal and everyone at Benchmark International would like to wish them the very best for the future.

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