Generation Growth Capital, Inc. acquires Federal Tool & Engineering



Generation Growth Capital Acquires Federal Tool & Engineering, Launches American Consolidated Metals Platform


Milwaukee, WI – November 2023.  Generation Growth Capital, Inc. (GGC), a private equity firm specializing in lower middle market niche manufacturing and value-added distribution investments, is pleased to announce its recent acquisition of Federal Tool & Engineering (FTE). This strategic acquisition is GGC's first portfolio company in its newly formed metal manufacturing platform, American Consolidated Metals. The establishment of American Consolidated Metals marks a significant milestone in GGC's ongoing mission to champion manufacturing excellence and invest in companies with significant growth potential.

Federal Tool & Engineering, headquartered in West Bend, WI, has established itself as a trusted leader in metal stamping, metal fabrication and manufacturing engineering for decades. The company's dedication to quality, precision, and customer satisfaction has earned it a strong reputation and a loyal customer base in numerous industries, including power generation, food service, and industrial, among others.

"We are thrilled to welcome Federal Tool & Engineering into the Generation Growth Capital family," said John Reinke, Managing Director at GGC. "FTE's track record of excellence and commitment to innovation aligns well with our investment philosophy. We see great potential in what the sellers, Dave and Steve, have created. We are excited about the opportunities it presents for the platform going forward."

The acquisition will not result in any immediate changes in FTE's day-to-day operations and employees. Customers can expect business as usual with an eventual expansion of capabilities.

"Generation Growth Capital was the perfect buyer for us after running a competitive sale process and speaking with numerous firms. They really understand manufacturing and could see the value in the company that we methodically have built over the past 18 years," said David Tomczek. "We believe that with GGC's support and resources, they can accelerate our growth, invest in cutting-edge technology, and deliver even greater value to our customers."


For more information about Generation Growth Capital and Federal Tool & Engineering, please visit:


For media inquiries, please contact:


John Reinke, Managing Director

Generation Growth Capital | (414) 291-8915


About Generation Growth Capital:

Generation Growth Capital is a Milwaukee-based private equity firm focusing on investments in small businesses to support ownership transition and growth opportunities.  By partnering with solid management teams, GGC adopts a proactive, collaborative approach that builds the businesses in which they invest.


About Federal Tool & Engineering:

Federal Tool & Engineering is a metal stamping and fabricating company in West Bend, Wisconsin. The company is a contract manufacturer of metal stampings, fabrications, and assemblies to leading OEMs in Wisconsin, the Midwest and Mexico. Its parts and assemblies go into commercial and industrial generators, commercial foodservice equipment, commercial and vehicle lighting and steering, communication equipment, and medical applications. Specific applications include panels and brackets used in the housings surrounding power generation equipment, oven cavities and components (brackets, vents, trolleys…), specialty refrigeration doors and hinges, vehicle steering wheel frames, brackets and frames used in LED lighting, specialty high end door hardware, housings and components used in medical weighing scales and MRI machines. Most applications have critical tolerance and/or, cosmetic surface requirements and are produced from aluminum, brass, carbon steel or stainless steel.

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