NEW YORK, Sept. 9, 2020 /PRNewswire/ — NewHold Enterprises, LLC (NewHold), a long-term funding holding firm and direct funding platform centered on center market industrial and providers firms, along with its companions at Tecum Capital, introduced at the moment a development funding in F&S Software Inc. (F&S). F&S is an innovation chief within the design and manufacture of high-output precision tooling. Monetary phrases of the transaction weren’t disclosed. This transaction represents NewHold’s third platform, following its funding within the non-hazardous liquid waste business, by American AllWaste LLC in mid-2018 in addition to its funding in structure and engineering providers by PRIME AE Group, Inc. in November 2019.
“We really feel very lucky to be partnering with F&S at an inflection level within the companies’ evolution, and for home manufacturing extra broadly, the place we see extra complicated areas of the crucial provide chain coming again residence,” stated Kevin Charlton co-chairman of NewHold. “For varied causes, the F&S worth proposition is extra related than ever, and we stay up for supporting the corporate’s development by this era and past.”
F&S Software Inc. (F&S), based in 1983, is a household owned/operated producer of precision tooling. F&S focuses on high-output, high-efficiency injection and compression molds. The corporate excels in essentially the most complicated mould designs, together with Stack and Dice Molds with high-cavity functions that produce quantity merchandise and with business main (quick) cycle occasions. F&S operates out of a 90,000 sq. foot facility positioned on the shores of Lake Erie in Erie, Pennsylvania, USA.
“F&S has constructed a fame of outpacing our competitors by innovation and digital engineering, producing exact, extremely dependable, sturdy, fast-cycling molds that ship a superior return on funding to prospects,” stated JD Faulkner, CEO of F&S. “These areas helped F&S expertise large development throughout the medical and packaging markets. The first objective of our devoted crew is to resolve customized issues, and this new partnership permits us to entry broader expertise and capital to assist help our continued development.”
NewHold is a long-term funding holding firm and direct funding platform supporting center market companies by capital funding and business expertise. Established in 2017, NewHold operates by platforms that are constructed by acquisitions and natural development of center market industrial and providers firms. NewHold’s buyers consist primarily of household places of work, looking for long-term capital appreciation by possession and development of center market, business main firms. Be taught extra at www.newholdllc.com.
SOURCE NewHold Enterprises, LLC