BIRMINGHAM, MI – Colfax Creek Capital (Colfax Creek), a private investment firm focused on “smaller’ middle market companies, has acquired GLE Precision, LLC (GLE). GLE is a precision manufacturer of tungsten carbide tooling, gauges and product components used in diversified industries, including water jet, computer chip, medical, battery, flow technologies, automotive and others for some of the most recognizable companies in the world such as Johnson & Johnson, Emerson, IBM, and Bosch. GLE is a “make-to-print” manufacturer for tooling, gages and product components that require high finishes, tight tolerances, and high resistance-to-wear properties. Colfax Creek’s investment will support the acquisition of GLE and the company’s growth initiatives as it expands into new end markets.
“GLE is uniquely positioned to work with many of the world’s best manufacturers both in the US and internationally with capabilities of extremely tight tolerances and high finishes that are difficult to find across the globe,” said Jason Duzan, at Colfax Creek. “I am excited to partner with Mr. Bucholz and the management team to reinvigorate the company for future growth.”
Clint Bucholz, president of GLE, added, “Colfax Creek provides a long-term perspective to investing and business to support our growth initiatives, including adding new equipment and processes to better serve new and existing customers.”
About Colfax Creek Capital
Colfax Creek takes a long-term approach to investing in “smaller” middle market companies by building relationships with business owners and management teams to focus our capital and resources to create lasting value and a shared purpose. Colfax Creek’s investment focus includes Midwestern companies in consumer product, service, and industrial sectors. GLE Precision is Colfax Creek’s first control investment and is based in Birmingham, MI. For more information visit: www.colfaxcreek.com.
About GLE Precision
Founded in 1961 and headquartered in Bridgeport, MI, GLE is a niche build-to-print manufacturer of highly-engineered tooling, gauges, and product components used in a broad range of applications where hardness and resistance to abrasive wear are of prime importance. GLE is capable of machining and grinding a wide range of ceramic and carbide products with an emphasis on carbide tooling, carbide components, carbide cylindrical gauges and masters, high-pressure intensifiers, and other special wear parts. For more information visit: www.gle-precision.com.