Technicut Tool, Inc. is a manufacturer of high-precision, machined metal components, primarily used in the Oil & Gas industry.
NewPoint was retained by the shareholders of Technicut, to recapitalize the business and provide financial and operating resources to facilitate the Company’s continued growth. NewPoint assisted the client with all aspects relevant to closing the transaction.
After approaching a variety of North American investors and alternate equity sources, NewPoint identified the structure that would best align the interests of the shareholders with the new equity partner. This resulted in management retaining a meaningful interest in the business while positioning the Company for significant growth.