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.