SC&H Capital, a leading investment bank specializing in M&A advisory, is pleased to announce it has completed a sale of the assets of Sharp Tooling Solutions, LLC (“Sharp” or the “Company”) to Warren, Michigan-based STS Holdco, LLC, an affiliate of Futuramic Tool & Engineering (“STS”).
Sharp is a premier provider of quality assurance and manufacturing tooling solutions, supporting major automotive and aerospace & defense manufacturers globally. Utilizing its highly skilled labor force and industry-leading machinery, the Company is able to manufacture any small to mid-sized precision tooling its customers require. The Company’s capabilities include program management, mechanical and controls design, manufacturing, warehousing, and inventory management.
SC&H Capital was retained in April of 2024 by the Company as the exclusive investment banker to oversee the sale process. The objective was to close a transaction with a buyer able to service the Company’s blue-chip customer base and retain the Company’s skilled workforce. The team at SC&H Capital conducted an exhaustive marketing process that generated significant market interest, leading to offers from both strategic and financial buyers. Ultimately, Sharp chose to sell to STS as they were willing to continue operations as a standalone subsidiary, hire nearly all of the Company’s employees, and close on an expedited timeline.
“We were pleased to have found a buyer whose culture aligned so well with Sharp’s, and to work with the team of professionals the sponsor and STS assembled to help get this deal across the finish line,” said Hank Waida, Principal at SC&H Capital.
Other professionals who worked on the transaction include John C. Connery, Jr., Matt H. Maizes, Patrick M. Mosley, and Sara A. Qureshi with Hill, Ward, Henderson, counsel for Sharp Tooling Solutions, LLC, Gregory M. Wright, and Peter G. Roth with Varnum, LLP counsel for STS Holdco, LLC, Ben Hartman and Alex Conti with UHY Corporate Finance, Financial Advisor to STS Holdco, LLC
The transaction closed on June 24, 2024.
About SC&H Capital
SC&H Capital is an investment banking and advisory firm specializing in mergers and acquisitions (M&A), distressed M&A, capital raises, financial restructurings, employee stock ownership plans (ESOP), and business valuations for middle-market companies nationally. We are recognized for delivering relevant market insights and tailored solutions to help businesses achieve their true strategic value. To learn more, visit www.schcapital.com.
