Bennett Tool and Die Co. Inc. was sold to Kansas Venture Capital, Capital for Business, Jefferson Capital Partners and InvestAmerica. Financial terms were not announced. Nashville-based Bennett is a contract tooling and metal stamping supplier serving the locomotive, electrical, appliance, watercraft, and ATV industries. The Lenox Group advised Bennett Tool in the sale.
The Lenox Group advised Bennett Tool and Die Co., Inc.
(“Bennett”) on its sale to a consortium of private equity funds including Kansas Venture
Capital, Capital for Business, Jefferson Capital Partners and InvestAmerica (“Investors”).
Bennett, headquartered in Nashville, TN, is a contract tooling and metal stamping
supplier serving the locomotive, electrical, appliance, watercraft, and ATV industries.
Since 1951 Bennett has been providing its customers with part design consultation,
prototyping, design and build of metal stamping dies, production stamping, welding,
assembly, testing, and machining.
Bennett, founded in 1951, was run for over 50 years by Eli Bennett who took over from
his Father at the age of 24. Recently, the third generation, lead by Yvonne Leggett has
been leading the Company and will continue in their current roles post closing to assist
the Investors in continuing to grow the Company.
The Lenox Group is an investment bank based in Atlanta that focuses on middle market
transactions primarily for private, family-owned businesses. Our services include raising
capital (debt and equity), M&A advisory and traditional corporate finance advisory, i.e.
valuations and fairness opinions. Lenox is proud to have completed engagements
representing over $1.5 Billion in transaction value.