A group of investors led by Kansas Venture Capital Inc. has purchased Nashville-based Bennett Tool & Die Co. Inc. for an undisclosed sum.
The group includes Kansas City-based Lewis & Clark Holdings Inc., New Orleans-based Jefferson Capital Partners and St. Louis-based Capital For Business.
The Bennett Tool & Die purchase represents KVCI's first acquisition in Tennessee, according to Brian Lueger, KVCI associate. He said the process to purchase the family-owned company, which opened in 1951, began in December.
"We think the company has a lot of opportunity going forward," Lueger (pictured) said. "The Bennett family has done a strong job of building a legacy."
Lueger said Kansas Venture Capital is not currently targeting additonal acquisitions in Nashville but remains interested in the market.
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