Wingspire Capital committed a $35 million senior secured term loan and a $15 million revolver to Tooling Tech Group, a tooling provider based in Fenton, MI. In addition to Wingspire Capital’s financing, TCW Asset Management Company agented $75 million in capital as part of a broader $110 million term loan for Tooling Tech Group.
Tooling Tech Group will use the financing to support its growth, both organically and via M&A opportunities both in the automotive sector and other end markets.
Tooling Tech Group has more than 600 employees and 1 million square feet of manufacturing space across 12 facilities. The company offers automation, CNC machining, compression molds, die casting and thermoforming dies, precision stamping dies, and other services.
