MODELS & TOOLS HAS BEEN ACQUIRED BY RANDAL BELLESTRI
Birmingham, Michigan – July 12, 2016 – Angle Advisors is pleased to announce that Mr. Randal Bellestri has acquired Models & Tools Holdings, Inc. (“Models & Tools” or the “Company”) a portfolio company of Altus Capital Partners. Angle Advisors acted as the exclusive investment banking advisor to Models & Tools in completing this transaction.
Based in Shelby Township, MI, Models & Tools is a cutting edge designer and manufacturer of complex and high quality turnkey tooling systems for the aerospace and defense industries. With in-house design and manufacturing capabilities, the Company provides a complete suite of aerospace tooling products, ranging from highly-machined large assembly fixtures and work platforms to smaller close tolerance tools. Models & Tools is comprised of approximately 140 highly skilled and technical employees.
Mr. Bellestri commented, “Models & Tools is a well-respected supplier of aerospace tooling with a great workforce. I am excited to team-up with the Models & Tools employees to grow the business.”
Russ Greenberg, Managing Partner and Founder of Altus said, “We were very impressed with Angle Advisors’ execution of this transaction. Angle was able to generate significant interest from highly strategic buyers through thoughtful positioning and leveraging its deep industry knowledge.”
Mr. Bellestri is an industrialist with deep aerospace tooling roots. Mr. Bellestri started his career on the shop floor at Visioneering and in 2008 sold two aerospace tooling businesses, Odyssey Industries and Global Tooling Systems to Hampson Industries. In 2013, Mr. Bellestri acquired Louca Mold & Aerospace Machining, a provider of automotive and aerospace tooling.
Altus Capital Partners, headquartered in Wilton, CT with offices in Lincolnshire, IL, invests alongside management teams in profitable small to medium-sized manufacturing companies domiciled in the U.S. that have proprietary technologies, processes, and products. The Altus investment team utilizes a patient, thoughtful investment approach and partners with the management teams of its operating companies to achieve growth. Altus Capital is currently investing a $200 million private equity fund. For more information, please visit www.altuscapitalpartners.com.
Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in mergers and acquisitions and capital raising with a particular emphasis on the vehicular and industrial sectors. The firm's professionals have completed 91 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.
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