Aerospace & Defense, Diversified Industrials
Mobile Tool Management Receives Growth Capital from Craft3
Published June 1, 2015
FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON – Meridian Capital LLC (“Meridian”) is pleased to announce that its client, Mobile Tool Management (“MTM” or the “Company”), has secured refinancing and growth capital from Craft3. In connection with the transaction, Meridian served as financial advisor to the shareholders of MTM.
ABOUT MOBILE TOOLS MANAGEMENT
Headquartered in Mukilteo, WA, MTM is a leading provider of portable automation tools and software systems to the global aerospace and aircraft manufacturing industry. Over the past 18 months, the Company’s technology has gained significant acceptance as a preferred solution for OEMs seeking increased manufacturing efficiency and employee safety in “next-gen” factories. The Company plans to use the funds to invest in engineering resources and support production increases to meet demand.
Craft3 is a Community Development Financial Institution (CDFI) lender founded in 1994. Over the past twenty years, Craft3 has invested over $322 million from offices in Ilwaco, Port Angeles, Seattle and Spokane, Washington, and Astoria, Bend and Portland, Oregon.
“The shareholders of MTM are facing an exciting inflection point in their business. We are so thankful to have had the opportunity to help them secure a growth financing solution that meets their unique growth profile and capital needs. With growing acceptance of its differentiated technology, the Company is now positioned for tremendous growth.”Brian Murphy, President & Managing Director
For more information about this transaction, please contact one of the team members below:
Brian MurphyManaging Director, President
About Meridian Capital
Founded in 1995, Meridian Capital is a Seattle-based M&A advisory firm, advising business owners on complex corporate finance, M&A and strategic challenges for over 26 years. The firm differentiates itself through its deep industry insights, highly customized service approach, and end-to-end commitment to execution. With a unique combination of professionals with financial, transactional, and operational expertise, Meridian offers the depth and breadth of experience required to serve leading middle market companies in multiple sectors including aerospace & defense, business services, consumer, diversified industrials, food & beverage, technology, and telecommunications.