Advantage Leads $5M Funding Round For T&K Machine

Paris, TX - Advantage Capital Partners and Stonehenge Capital Company have invested $5M in T&K Machine, Inc., a manufacturer of highly engineered precision-machined airframe components for the commercial and military aerospace markets. The funding will be used to support the company's continued growth.

"We've been in operation for nearly 40 years now and have established an elite customer base with leaders such as Spirit AeroSystems, Goodrich Corporation, The Boeing Company and Vought Aircraft," said Marshall Taylor, CEO of T&K Machine. "We want to continue to build on our momentum to meet the demands of the $180 billion aerospace industry and our investor partners will help us meet that goal."

T&K Machine produces a range of structural and airframe components for large commercial aircraft, corporate jets and military aircraft. Such components include door latches, parts for wing boxes and cargo boxes, and other various precision-machined pieces. The company also completes small-to-medium-sized bench assemblies. T&K serves some of the leading OEMs and Tier 1 aerospace suppliers including Spirit AeroSystems, Goodrich Corporation, The Boeing Company and Vought Aircraft.

"T&K's manufacturing facility is run very efficiently by an experienced management team," said Tim Cockshutt, an Austin-based Advantage Capital managing director. "The company currently has 69 employees and we expect the company to hire more workers in the coming months due to growth."

"T&K is a strong investment opportunity and we're happy to be a part of it," said Steve Bennett, director of Stonehenge Capital in Dallas. "The company has an impressive list of customers, a solid management team and sound strategy to growing the business."

Advantage Capital's investment in T&K was made using $2M in capital raised in partnership with U.S. Bancorp's Community Development Corporation through the federal New Markets Tax Credit program. In addition, Advantage and Stonehenge each invested $1.5M raised in connection with Texas' Certified Capital Companies program. Both programs stimulate economic growth in areas that historically have been underserved by traditional sources of investment capital.

SOURCE: Advantage Capital Partners and Stonehenge Capital Company