Yukon Supports GenNx360’s Recapitalization of Tooling Technology Group

MINNEAPOLIS–(BUSINESS WIRE)–#financial–Yukon Partners (“Yukon”), a provider of mezzanine capital for middle
market private equity transactions, is pleased to announce it has
partnered with GenNx360 Capital Partners (“GenNx360”) in the
recapitalization of its portfolio company Tooling Technology Group
(“TTG” or the “Company”).

TTG, headquartered in Fort Loramie, Ohio, produces an extensive line of
custom, precisely engineered, production tools and related equipment,
primarily for the automotive industry. TTG’s broad tooling capabilities
enable the Company to provide tooling used to produce a wide variety of
vehicle components, including powertrain components, valve bodies, hood
components, dashboard components, roof components, trunk components, and
wheel liners. The Company’s manufacturing operations are fully
integrated across the entire production process, from engineering/design
to finishing and prototyping. Over the past several years, TTG has
expanded its tooling offering to support over 90% of North American
manufactured automotive platforms. Non-automotive uses for the Company’s
tooling products include manufacturing refrigeration panels, kayaks, gas
cans / water tanks, and small engines for lawn & 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 LLP served as
legal counsel to Yukon.

Matt Guenther, Managing Partner of GenNx360 commented, “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, “TTG’s manufacturing and
engineering expertise, as well as its dedication to superior service,
position the Company as a critical partner to its blue-chip customer
base. 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.”

About Tooling Technology Group
Tooling Technology Group,
founded in 1982 and headquartered in Fort Loramie, Ohio, is a leading
supplier of high-quality tooling for a variety of material forming
processes including: thermoforming, twin-sheet and single-sheet vacuum
forming, pressure forming, compression molding, rotational molding, blow
molding, resin transfer molding, rubber and polyurethane molding, carpet
and metal stamping, foundry tooling and pulp molding. The full range of
in-house capabilities, including patterns, models, cast tooling,
finishing, CNC machining as well as design and engineering, provides
customers with a complete, one-stop solution for their tooling needs.
For more information, please visit www.toolingtechgroup.com.

About Yukon Partners
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.
The transactions in which Yukon invests include buyouts, growth and
platform strategies, recapitalizations, mergers/acquisitions, and
public-to-private buyouts. Yukon typically invests $10 to $50 million
per transaction and currently manages approximately $1.2 billion across
three funds. Yukon Partners is based in Minneapolis, Minnesota. For more
information, please visit www.yukonpartners.com.

About GenNx360 Capital Partners
GenNx360 Capital Partners is
a private equity firm focused on acquiring middle market industrial and
business services companies. GenNx360 invests in companies with proven
and sustainable business models in expanding industries with the
objective of implementing the required operating changes to deliver cost
efficiencies, accelerate growth, and generate strong financial returns.
Target industries include industrial machinery and components, logistics
and supply chain solutions, industrial and environmental services, food
and agricultural, infrastructure equipment and services, specialty
chemicals, packaging, and aerospace and defense. GenNx360 was founded in
2006 and is headquartered in New York City. For more information about
GenNx360, please visit: http://www.gennx360.com.

Contacts

Yukon Partners
Michael Hall, 612-435-7802
Managing
Partner