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Xnergy Financial Completes Sale of Aerospace Equipment Manufacturer, Astro-Tek Industries

Xnergy Financial Completes Sale of Aerospace Equipment Manufacturer, Astro-Tek Industries

SAN DIEGO, Aug. 16, 2017 /PRNewswire/ -- Xnergy Financial LLC, member FINRA / SIPC ("Xnergy"), is pleased to announce the sale of majority ownership in Astro-Tek Industries, Inc. ("Astro-Tek" or "Company"), a leading manufacturer of parts and equipment for the aerospace and government industries to Consolidated Machine & Tool Holdings, LLC ("CMTH"), a newly formed platform company of White Wolf Capital LLC ("White Wolf").

Xnergy was engaged by Astro-Tek as its exclusive investment bank to provide acquisition services to effectuate the sale of majority interest in the Company. "It has been a pleasure to work with such a promising aerospace industrials company and through our relationships, successfully connect such a strong strategic capital partner as White Wolf," said Bill Timmerman, Managing Director of Xnergy.

Xnergy Financial is currently active in the aerospace, manufacturing, and industrials sector, focusing on providing debt and equity and merger and acquisition services to emerging growth companies such as Astro-Tek.

Elie Azar, Managing Director of White Wolf, noted, "We are excited to partner with the team at Astro-Tek. The transaction will provide access to additional capital and resources to support further growth." Elie Azar also added, "It was an absolute please to work with Bill Timmerman and Xnergy and we look forward to working with them on something again very soon."

Details of the transaction were not disclosed.

As an investment banking firm, Xnergy Financial assists clients with:

  • Access to capital and financial sources;
  • Merger and acquisition services; and
  • Public and private offerings.

About Astro-Tek
Astro-Tek is a manufacturing company that creates and builds specialized equipment used by Tier 1 aerospace and defense companies to manufacture, maintains, and service aircraft, satellites, rockets, and missiles. Astro-Tek is known for its ability to produce complicated products made of hard and soft metals that require in-house designing, laser cutting, machining, assembly, and testing. Astro-Tek is based in Anaheim, California.

About Xnergy
Xnergy is a FINRA registered investment banking firm providing financing and merger, acquisition and disposition services to emerging growth and middle market companies. Xnergy services both public and private companies seeking debt and equity capital to fund growth initiatives, acquisitions, buyouts, and shareholder liquidly. Through its network, Xnergy has the resources and expertise to serve the investment banking needs of clients around the world, across a broad range of industry sectors. For further information, please visit: www.xnergyib.com.

 

Media Contact:

SOURCE Xnergy Financial LLC

Mark Jaccobs
858-535-5511

11300 Sorrento Valley Road

Suite 220

SD CA 92121






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