Benchmark International has successfully facilitated the acquisition of Worldwide Technologies, LLC (WWT) by Quad Capital Partners. Founded in 2006 by Mike Jones and Kenny Whitworth, WWT has grown into a leading precision machining manufacturing and fabrication organization, operating out of Franklin and Glasgow, Kentucky. The company boasts over 100 computer numerical control (CNC) machines, including advanced one-touch robotic systems, and employs more than 150 people across its two facilities.
Worldwide Technologies has become a vital player in the precision machining sector by investing in cutting-edge technologies and maintaining a strong focus on customer satisfaction. The company's capabilities are supported by advanced automation and a dedicated team of in-house engineers, making it a significant asset in the manufacturing industry.
Quad Capital Partners, a privately held investment firm, specializes in small to mid-size manufacturing companies that demonstrate solid financial performance, strong management, and growth potential. The acquisition of WWT aligns with Quad Capital's strategy to enhance its portfolio with companies that have a proven track record and significant growth prospects.
Jason Welch, Co-Founder and Principal of Quad Capital Partners, expressed enthusiasm about the acquisition. “The talented people of Worldwide Technologies are truly a remarkable team. On behalf of the entire QCP family, we are thrilled to continue Mike and Kenny’s mission, building upon the foundation constructed during the past two decades. We sincerely thank the Jones and Whitworth families for their strong commitment to Worldwide Technologies’ employees, customers, and the local community. Together, we welcome the opportunity to enhance those trusted relationships moving forward,” Welch stated.
Matthew Kekelis, Senior Director at Benchmark International, also commented on the importance of the transaction. “We could not be more excited to see two great organizations come together to provide their customers and employees more opportunities. We wish everyone the best in their future endeavors,” Kekelis remarked.
The acquisition is expected to have significant implications for the precision machining industry, particularly in terms of technological advancements and employment opportunities. By combining resources and expertise, WWT and Quad Capital Partners aim to drive innovation and growth, ultimately benefiting their customers and the broader market.
This transaction underscores the ongoing trend of consolidation within the manufacturing sector, as investment firms seek to acquire companies with robust operational frameworks and growth potential. The successful facilitation by Benchmark International highlights the firm's expertise in managing high-value transactions and supporting business owners in achieving their objectives.
As Worldwide Technologies embarks on this new chapter under the ownership of Quad Capital Partners, the industry will be watching closely to see how the collaboration influences market dynamics and sets new benchmarks for precision machining and manufacturing excellence.
