Concours: Concours Mold completes first acquisition

Concours Mold Inc. (Windsor, ON) has acquired the assets of Windsor, ON-based Valiant Tool and Mold Inc. This transaction marks the first acquisition for Concours under the ownership of Crestview Partners, a New York-based private equity firm that acquired Concours in May 2019. Concours provides molds and services for the production of plastic components used in the automotive and non-automotive industries. Crestview's objective is to integrate tooling and mold companies within a platform that can be positioned as a global technological leader.The purchased assets will further expand Concours' engineering change and service focus, establishing a dedicated services center in Windsor and supplementing its existing services operations in Alabama and Mexico."With this asset acquisition, we are excited to expand Concours' services division to better serve the needs of all of our customers for engineering changes and service requirements," said Andy Aiton, President of Concours.Founded in 1994, Concours designs, manufactures and repairs tools and molds. The company's geographic footprint provides a strong presence in the key areas of North America to serve major automotive OEMs and their Tier 1 suppliers."We are pleased to announce the first acquisition of our tooling platform to create a differentiated global industrial technology leader," said Tony Nardone, CEO of Concours. "We are currently evaluating a multitude of additional acquisition opportunities and are eager to continue to build Concours' scale and capabilities to better position it as a solutions-oriented partner to our customers."