Duff & Phelps Aerospace Defense and Government Services (ADG) M&A advisory team advised Thaler Machine on its sale to Cognitive Capital Partners
On February 27, 2020, The Thaler Machine Company (“Thaler Machine” or the “Company”) was acquired by Cognitive Capital Partners, LLC. Thaler Machine is a manufacturer and supplier of complex, mission and flight critical components and hardware for the missile defense and aerospace engine markets.
Duff & Phelps acted as exclusive financial advisor to Thaler Machine on the transaction. PNC Mezzanine Capital provided financing for the acquisition.
About Thaler Machine
Thaler Machine is a leading manufacturer and supplier of high precision complex missile actuators, guidance, engine and warhead components and aircraft engine components. Thaler Machine’s manufacturing capabilities and decades of unparalleled performance enable the company to deliver complex components that meet the strict high quality and tolerance guidelines of military and aerospace OEMs. The company has longstanding contractual relationships with many of the largest aerospace and defense prime contractors and OEMs and is recognized as a single source or one of few suppliers of missile platforms, next-generation, high-growth rockets and aircraft engines. . Coolidge Wall Co., LPA served as legal counsel to Thaler Machine.
About Cognitive Capital Partners
Cognitive Capital Partners, LLC (“CCP”) is a Chicago-based middle-market private equity firm focused on investing in various sectors, including manufacturing and industrial services, defense, engineering, business services and data analysis. CCP focuses on investing in companies where human, organizational and intellectual capital are critical success factors. CCP was founded in 2006 and typically invests $10-50 million per company and seeks investments in platforms with strong management and EBITDA at the time of initial investment in a $4-15 million platform. Vedder Price served as legal counsel to Cognitive Capital Partners.
About PNC Mezzanine Capital
PNC Mezzanine Capital is a flexible junior capital provider with expertise in financing buyouts, recapitalizations and consolidation strategies. PNC Mezzanine Capital invests in companies operating in a wide range of industries, but is particularly interested in niche manufacturing, value-added distribution, business services and consumer services. PNC invests between $10 million and $50 million in tailored combinations of subordinated debt and equity in companies with strong management, proven business models, stable cash flows and a clear plan for growth.