L Squared Portfolio Company GWS Tool Group Acquires CJT Koolcarb, Inc. & GenHam Diamond Tooling

L SquaredAdd-on AcquisitionL Squared Portfolio Company GWS Tool Group Acquires CJT Koolcarb, Inc. & GenHam Diamond Tooling




April 20 , 2021 | Posted by Adam Kimura |

L Squared Portfolio Company GWS Tool Group Acquires CJT Koolcarb, Inc. & GenHam Diamond Tooling

Newport Beach, CA, April 20, 2021– L Squared Capital Partners is pleased to announce that its portfolio company, GWS Tool Group (“GWS” or the “Company”), has acquired CJT Koolcarb, Inc. and its PCD operating subsidiary, GenHam Diamond Tools (collectively “CJT”).  CJT is the second acquisition in 2021 for GWS and the fifth add-on acquisition since L Squared’s platform investment in GWS in September 2019. 

Located in Carol Stream, IL, CJT is an industry leader in the manufacturing of carbide and carbide-tipped drills and reamers. The company has a long legacy of producing high performance holemaking products for a variety of industries, including aerospace and automotive.

CJT offers thousands of drilling and hole finishing solutions, including carbide drills, carbide-tipped drills, carbide reamers and specialty aircraft holemaking tools. With the addition of CJT, GWS further solidifies its position as the premier multi-disciplinary manufacturer of high-performance cutting tools in the marketplace today.

“CJT Koolcarb commands the performance and quality recognition in the industry that will fit seamlessly within our company,” said Rick McIntyre, CEO of GWS Tool Group. “Their expertise in holemaking will bolster both our capability and capacity in this vertical, giving our customers and partners in distribution another reason to consolidate with GWS,” McIntyre continued.  

The continued expansion of GWS by way of acquisitions and constant investment in world class technology, equipment and most importantly, people, has created an unmatched value proposition for customers operating in advanced machining environments. 

“We are excited to welcome CJT to the GWS platform. The acquisition strengthens our product portfolio and moves GWS closer to being a singular destination for all our customers’ cutting tool needs,” said Randall Hunt, Partner at L Squared and GWS Board Member.  “GWS has remained committed to an aggressive M&A strategy throughout the pandemic which has further bolstered GWS’ reputation as the preferred partner of choice for high-performance cutting tool companies.”

For Additional Information Please Contact:

Randall Hunt, Partner
Office: (949) 398-0172
[email protected]
Tyler Huez, Vice President
Office: (949) 398-0182
[email protected]

About GWS Tool Group

GWS Tool Group is a US-based, vertically integrated manufacturer of highly engineered custom, standard, and modified standard cutting tools, primarily servicing the aerospace and defense, power generation, automotive and medical sectors. GWS Tool Group has acquired multiple businesses throughout its growth which now serve as the respective manufacturing divisions for the company. 

For additional information, please visit www.gwstoolgroup.com  

About L Squared Capital Partners

L Squared Capital Partners is an investment firm headquartered in Newport Beach, CA that seeks to make long-term investments in leading growth companies that operate in targeted sectors: Education Technology, Tech-Enabled Services & Software, and Industrial Technology & Services.  Our unique investor base of family offices enables us to focus on long-term value creation driven by revenue and earnings growth, not financial engineering or market timing.  The principals of L Squared have worked together for over a decade and have over 70 years of combined experience investing in growing private companies.  

For additional information, please visit www.LSquaredCap.com.

Provided for informational purposes only and is not intended as investment advice or an offer or solicitation with respect to the purchase of any investment. Investing with any investment firm is suitable only for qualified investors that fully understand the risks of such an investment. L Squared Capital Partners is an investment adviser registered with the United States Securities and Exchange Commission. Registration does not imply a certain level of skill or training. Investments with L Squared Capital Partners are only offered in accordance with applicable securities laws.