Deal Synopsis:
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, Tennessee, 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, creation of metal stamping dies, production stamping, welding, assembly, testing, and machining.
Bennett has been operated by Eli Bennett for over 50 years, having taken over the business from his Father at the age of 24. The third generation, led by Yvonne Leggett, was leading the Company prior to the transaction and continued in their roles post closing to assist the Investors in Bennett’s next phase of growth.