ONWARD CAPITAL HAS ACQUIRED STANLEY ENGINEERING COMPANY, ADD-ON TO PLATFORM COMPANY DOMAILLE ENGINEERING

CHICAGO (February 7, 2019) – Onward Capital, a private equity firm based in Chicago, and St. Louis -based private equity firm Thompson Street Capital Partners (TSCP) announced today that they have partnered to acquire Glen Burnie, Maryland-based Stanley Engineering Company (Stanley Engineering) as an add-on to their platform company Domaille Engineering. Stanley Engineering is a leading provider of complex multi-axis components and sub-assemblies for the Aerospace, Defense, Homeland Security and Telecommunication markets. Terms of the transaction were not disclosed.

“We are thrilled to have Stanley Engineering join the Domaille family.  The resulting combination of talent and resources allows us to better serve our customers by offering a broader solution set.” said Tim Kanne, President/CEO of Domaille Engineering.

“Onward Capital is extremely pleased to add Stanley Engineering to the Domaille portfolio and we look forward to supporting the growth of the combined businesses.” said Marcus George, Partner at Onward Capital.

Laura Lester, Partner at Onward Capital added, “Stanley Engineering is a perfect addition to the Domaille family of companies. Stanley and Domaille share the same core values and commitment to excellence for their customers.”

About Domaille Family of Companies

The Domaille Family of Companies is an integrated group of manufacturing firms focused on superb customer service in the Aerospace, Defense and Telecommunication markets. These firms include Stanley Engineering, Tech Manufacturing, and Domaille Engineering.

 

About Stanley Engineering (StanleyEng.com)

Stanley Engineering provides a wide variety of the most difficult machining solutions leveraging multi-axis milling and turning from prototyping through production launch phases in support of Aerospace, Defense, Homeland Security, and Telecommunications markets.

 

About Tech Manufacturing (TechManufacturing.com)

Tech Manufacturing LLC is an aerospace manufacturing company specializing in highly complex, 5- axis structural components both in hard metal and aluminum. Tech Manufacturing has been recognized by Modern Machine Shop with the “Top Shop Award”.

 

About Domaille Engineering (DomailleEngineering.com)

Domaille Engineering LLC is an innovative contract manufacturing services company for the Aerospace, Defense, and Telecommunications industries and a leading OEM of Fiber Optic Equipment.  Domaille Engineering is a three time winner of the prestigious U.S. Chamber of Commerce blue ribbon DREAM BIG small business award.

 

About Onward Capital LLC (Onwardcapllc.com)

Onward Capital is a Chicago-based private equity firm focused on investing in and growing lower middle-market industrial businesses. The Onward Partners have completed over 120 private equity transactions and invested $1 billion dollars of capital in the sector.  Onward targets manufacturing and value-added distribution companies, typically with revenues between $15 million and $100 million.

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Marcus George

Partner

Marcus founded Onward Capital in 2015. He is responsible for developing investment theses, executing transactions and leading value creation within the portfolio. He is a member of the board of directors of each of Onward’s portfolio companies.

Prior to Onward Capital, Marcus was a Partner at Code Hennessy and Simmons.  He spent 18 years there, reviewed hundreds of investment opportunities and executed dozens of transactions across a variety of industries.

Prior to CHS, Marcus worked in the Corporate Finance Group of Heller Financial and he started his career at KPMG.

Marcus earned a BA in Accounting from the University of Notre Dame and an MBA from the University of Chicago, Booth School of Business. He lives in Park Ridge, Illinois with his wife and their two children.

Laura Lester

Partner

Laura founded Onward Capital in 2015. She is responsible for developing investment theses, executing transactions and leading value creation within the portfolio. She is a member of the board of directors of each of Onward’s portfolio companies.

Prior to Onward Capital, Laura spent over ten years at Code Hennessy and Simmons where she reviewed hundreds of investment opportunities and executed dozens of transactions across a variety of industries.

Early in her career, Laura worked in the Investment Banking Division of Lehman Brothers where she advised industrial companies and their boards on strategic alternatives.

Laura earned a BA in Economics from Cornell University and an MBA from Northwestern University’s Kellogg School of Management. She lives in the suburbs of Chicago with her husband and their three children.

Jack Tresley

Vice President

Jack joined Onward Capital in 2024.

Prior to Onward Capital, Jack was an Associate on the investing team at Granite Creek Capital Partners, a Chicago-based private equity firm, where he evaluated, structured, executed, and managed both debt and equity investments across a wide range of lower middle market companies.

Prior to Granite Creek, Jack was an investment banking analyst at Metronome Partners, a Chicago-based investment bank, where he worked on a variety of sell-side transactions primarily for lower middle market companies.

Jack earned a BS in Finance from Indiana University, Bloomington – Kelley School of Business and an MBA from Northwestern University’s Kellogg School of Management. He lives in Lincoln Park with his wife.