BIRMINGHAM, MI – Colfax Creek Capital, a long-term investor in Midwest manufacturers, has acquired Dial Tool Industries, a third-generation family business based in Addison, Illinois. Dial Tool specializes in small-part stampings and over-molded plastic components that fit in your hand, serving Tier 1 customers across automotive and industrial sectors.
Founded in 1955, Dial Tool provides end-to-end manufacturing services, including metal stamping, plastic injection and insert molding, and assembly. The company is ISO 9001:2015 and IATF 16949:2016 certified, with capabilities from prototype to production.
“Dial Tool is recognized as an industry leader in its field and has developed solid, long-lasting relationships with its customers,” said Jason Duzan of Colfax Creek. “With its strong family culture, Dial Tool has crafted a unique niche of producing small part stampings and insert molding in the Midwest. The Pagliuzza family was a pleasure to work with, and we look forward to continuing Dial Tool’s prosperity with the business’s next generation of leadership.”
Steve and Mario Pagliuzza, former owners of Dial Tool, added:
“Dial Tool Industries has been a family-owned organization for over 68 years. When choosing a buyer to carry on our legacy, we wanted to find a buyer that would meet our principles, employee concerns, customer relations, growth, and management style. After interviewing many firms, we concluded Colfax Creek was a great fit. Jason’s business expertise, philosophy, and professionalism met our criteria. We are pleased and proud to have selected him.”
Dial Tool will operate alongside Traverse City Products, another Colfax Creek company, as part of a growing platform under Addison Traverse Manufacturing. The two businesses share aligned cultures and complementary capabilities. Colfax Creek plans to implement shared best practices, sales synergies, and continuous improvement tools across both operations.
Founded in 1955, Dial Tool Industries (DTI) is a full-service manufacturer located in Addison, Illinois. DTI specializes in metal stampings, injection and insert molding, and assembly—with a focus on complex, over-molded parts that “fit in your hand.” Serving automotive and industrial OEMs, the company is certified to ISO 9001:2015 and IATF 16949:2016 standards. Its integrated model supports customers from prototype through production, increasing customer satisfaction, streamlining supply chains, and improving efficiency. Learn more at www.dialtool.com.
Colfax Creek is a private investment firm based in Birmingham, Michigan. We acquire strategically important manufacturing and industrial services businesses with $2–4 million of EBITDA, high free cash flow, and a recurring revenue model. We focus on companies within a drive of Detroit that face ownership succession or addressable operational risks—and we bring the tools, patience, and values to help them thrive for decades to come. Learn more at www.colfaxcreek.com.