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 in 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, maintain, 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. For further information, please visit: www.astro-tek.io.

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.

About CMTH
CMTH was formed by White Wolf in March 2017 as a special purpose entity to acquire U.S. manufacturing businesses with revenues of $5 million to $25 million specializing in precision machining, fabrication, assembly, and design of highly engineered components for the aerospace and defense industries.

About White Wolf
White Wolf is a private investment firm focused on management buyouts, recapitalizations and investments in leading middle market companies. White Wolf generally seeks investment opportunities in companies that are headquartered in North America with $10 million to $100 million in revenues and up to $10 million in EBITDA. Preferred industries include: manufacturing, business services, information technology, security, aerospace and defense. For further information, please visit: www.whitewolfcapital.com.

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SOURCE Xnergy Financial LLC