A conglomerate of private equity funds acquired Bennett Tool and Die Co., Inc. The conglomerate was comprised of private investors like InvestAsia, Jefferson Capital Partners, Capital for Business and Kansas Venture Capital. The Lenox Group was the counsel of Bennett on this deal. The financial terms of the transaction was not divulged.
The Nashville, Tennessee based metal stamping and contract tooling supplier was founded on 1951. For more than 50 years, Bennett was ran and managed by Eli Bennett. Eli took over the company from his father at an early age of 24 years old. Lately, Yvonne Leggett, a third generation of the family, had been managing the company. They will continue to perform their responsibilities and support the investors in the growth of the company.
The adviser of the group is an investment banking institution based in Atlanta that focuses on middle market transactions that provides assistance for private family owned business ventures.
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