Frontline Tooling Solutions, the non-operating holding company of Techniks Tool Group (TTG) and Peak Toolworks, has completed the sale of TTG to an affiliate of Z Capital Group. The sale and separation of TTG enables both TTG and Peak to focus on their independent growth strategies. Frontline, backed by Audax Private Equity, will continue to invest behind the Peak platform.Following the sale of TTG, Peak Toolworks will continue to invest behind its strategy, building upon its leadership position in providing diamond and carbide cutting tool solutions to the North American secondary woodworking, composites, and metal markets. The separation and sale of TTG will enable Peak to further focus on its strategy of organically expanding its product portfolio, customer base, and end markets, while growing through add-on acquisitions.
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