Onward Capital, Thompson Street Capital buy Domaille Engineering

Onward Capital and Thompson Street Capital Partners have acquired Domaille Engineering. Financial terms weren’t announced. Domaille, of Rochester, Minnesota, designs and makes polishing machines and fixtures, inspection equipment and associated engineered products for the fiber-optic cable market.

PRESS RELEASE

CHICAGO (November 30, 2016) – Onward Capital, a private equity firm based in Chicago,

announced today that it has partnered with St. Louis-based private equity firm Thompson Street

Capital Partners (TSCP) to acquire Domaille Engineering, LLC headquartered in Rochester,

Minnesota (www.domailleengineering.com). Terms of the transaction were not disclosed.

Domaille Engineering is a technology company committed to product leadership, customer intimacy

and operational agility. The Company’s Optical Products division designs and manufactures

industry-leading polishing machines and fixtures, inspection equipment and associated engineered

products for the rapidly-growing fiber-optic cable market, while Domaille’s Precision Services

division engineers and manufactures complex, mission-critical products for the defense, aerospace,

national security, telecommunications, energy and medical sectors.

Laura Lester, Partner of Onward Capital said “Domaille has a great reputation for innovation,

creativity, manufacturing excellence and customer service.” Marcus George, Onward Capital

Partner added, “We look forward to working with the management team to build upon the

Company’s already impressive record of success.”

Tim Kanne, President of Domaille, commented “We are delighted to be partnering with Onward

Capital and Thompson Street Capital Partners. They will provide us with strategic and financial

resources and industry contacts to achieve our shared vision for growth while maintaining our

industry leading quality and service.”

Said Jim Cooper, TSCP Managing Partner, “TSCP has had excellent experiences working with the

professionals at Onward Capital on a number of successful transactions over many years and

Domaille will be no exception. Together with the Company’s strong management team, we will

pursue an aggressive organic and acquisition-based growth plan.”

Byline Sponsor Finance Group, the cash flow lending division of Byline Bank, provided senior debt

financing in support of the recapitalization. ORIX Mezzanine & Private Equity and NewSpring

Mezzanine Capital provided mezzanine debt financing and co-invested equity. Katten Muchin

Rosenman LLP served as legal counsel to Onward Capital and its investor group, while Quetico

Partners LLC served as advisor to the selling shareholder group.

About Domaille Engineering

Domaille Engineering, LLC (www.domailleengineering.com) is a worldwide provider of innovative

engineering solutions and precision manufacturing services to high-tech industries and a leading

OEM of optical fiber polishing equipment. Domaille Engineering is a three-time winner of the

prestigious U.S. Chamber of Commerce blue ribbon DREAM BIG small business award. This

award recognizes the top 100 U.S. small businesses for demonstrating exceptional business practices

in several areas including strategic planning, employee development, community involvement and

superior customer service.

About Onward Capital LLC

Onward Capital is a Chicago-based private equity firm focused on investing in and growing lower

middle-market industrial businesses. Onward partners with management teams to build value

through operational improvements, professional management practices and access to external

relationships and growth capital. Onward invests in partnership with family offices, mezzanine

funds, equity funds, industry executives and high net worth individuals. For more information on

Onward Capital, please visit www.onwardcapllc.com.

About Thompson Street Capital Partners

Thompson Street Capital Partners ( www.tscp.com ) is a St. Louis-based private equity firm focused

on investing in founder-led middle market businesses in the business services, healthcare services

and engineered products sectors. Founded in 2000, the firm has managed more than $1.5 billion in

equity and is currently investing out of its $640 million TSCP Fund IV. TSCP partners with

management teams to increase value by accelerating growth, both organically and via acquisitions.