Crestview Partners LP, through its managed funds, completed the purchase of Concours Mold Inc., a steel molds and tooling manufacturer, for an undisclosed amount.
The deal is part of Crestview's strategy to invest $200 million of equity toward acquiring and integrating tooling and mold companies, according to a May 30 release.
Crestview is a private investment firm targeting middle-market companies in the industrials, media, energy and financial services sectors.
Crestview senior adviser Jason Luo will serve as executive chairman of Concours, which recruited Tony Nardone as CEO. Nardone has previously partnered with Luo and Crestview at the Key Safety Systems platform. Andy Aiton will remain Concours' president.
Scotiabank served as the financial adviser and Borden Ladner Gervais LLP and Holden & Moorhouse Professional Corp. served as legal advisers to Concours.
Crestview received legal counsel from Gibson Dunn & Crutcher LLP and Stikeman Elliott LLP.