December 17, 2014 Share Print
NetShape Technologies, a Portfolio Company of Saw Mill Capital, Acquires Capstan Tennessee

Briarcliff Manor, NY – December 17, 2014. NetShape Technologies, Inc., a portfolio company of Saw Mill Capital LLC, is pleased to announce the acquisition of Capstan Tennessee Inc., a leading powder metal parts manufacturer focused on the off-highway equipment market.

Dax Whitehouse, Chief Executive Officer of NetShape, said, “This acquisition will add significant technology and capabilities to NetShape, further expanding our addressable applications in the market, and supporting our goal of being the leader in innovative powder metal solutions. With this acquisition, NetShape will broaden its offering of precision metal components and enhance its team. The Rockwood, Tennessee facility has an unrivaled reputation in the off-highway equipment market, which is strategically important to NetShape. Saw Mill Capital’s support of this acquisition was critical to completion of this landmark event.”

Scott Budoff, a Partner at Saw Mill Capital, commented, “completion of this acquisition is a milestone event for NetShape, allowing two great companies to come together to enhance their addressable markets and accelerate growth. Under Saw Mill’s ownership, NetShape has assembled an industry leading team that has transitioned NetShape from a corporate orphan to a leader in the powder metal industry.”

NetShape Technologies
NetShape Technologies is a global manufacturer and metal components supplier with manufacturing and sales sites located in North America, Asia and Europe. NetShape designs and produces engineered components through state of the art Powder Metallurgy (PM) and Metal Injection Molding (MIM) technologies. The company has four operating facilities in the mid-western United States and one in the People’s Republic of China. To learn more about NetShape Technologies, please visit www.netshapetech.com.

About Saw Mill Capital LLC
Based in Briarcliff Manor, NY, Saw Mill Capital LLC is an operations-oriented private equity firm focused on acquiring businesses with $40-150 million in revenues that can be meaningfully grown organically and through acquisitions. Saw Mill Capital partners with senior leadership teams to make control investments in businesses headquartered in North America. Saw Mill brings capital and unique resources to help companies reach their full potential by working collaboratively with senior leadership to create effective business strategies, implement best practices, and provide global market expertise.