Yukon Partners partnered with GenNx360 Capital Partners (GenNx360) in the recapitalization of its portfolio company Tooling Technology Group (TTG).

Fort Laramie, OH-based TTG produces a line of custom, precisely engineered, production tools and related equipment, primarily for the automotive industry.

Non-automotive uses for the company’s tooling products include manufacturing refrigeration panels, kayaks, gas cans/water tanks and small engines for lawn and garden equipment. The company’s customer base includes automotive OEMs, Tier I and II automotive suppliers, as well as consumer and industrial products companies.

Yukon provided mezzanine capital to facilitate the transaction and acquired a minority equity interest. Dorsey & Whitney served as legal counsel to Yukon.

Matt Guenther, managing partner of GenNx360, said, “GenNx360 is excited to partner with Yukon as TTG enters its next phase of growth. Following strong organic growth and two successful add-on acquisitions in 2015, this recapitalization provides the company with a strong capital base going forward.”

Michael Hall, managing partner of Yukon, added, “A number of factors are at play right now in the auto industry that provide a favorable backdrop for tooling manufacturers, and we are excited to be partnering with GenNx360 and their industry leading platform in TTG, as they continue to execute their value-added strategy.”

Minneapolis-based Yukon Partners is an independent and unaffiliated junior capital provider, primarily serving middle-market private equity sponsor led business transactions in the U.S. and Canada.

GenNx360 Capital Partners is a private equity firm focused on acquiring middle-market industrial and business services companies.