Talon Innovations Corporation Acquires Vulcan Machine, Inc.

New York, NY, December 21, 2015 – Graycliff Partners, an independent investment firm focusing on middle market private equity and mezzanine investments, today announced the acquisition of Vulcan Machine, Inc. by Talon Innovations Corporation, a Graycliff Partners portfolio company. The acquisition provides both Talon Innovations and Vulcan added manufacturing capabilities, capacity, and back-up manufacturing sites.  The two companies share deep expertise for machining complex geometries and materials for semiconductor, aerospace, medical device and other high tech industries.  Jointly, the organizations place a high emphasis on the cleanliness of their facilities and field proven commitment to superior quality performance.

“We are excited to support Talon in its acquisition of Vulcan,” said Duke Punhong, Principal, Graycliff Partners. “Vulcan’s manufacturing expertise and market penetration will enable Talon to expand its product offering and better serve its diverse range of end-customers. We look forward to continuing to support the management teams at Talon and Vulcan.”

Greg Olson, CEO of Talon Innovations, remarked, “This acquisition is in alignment with Talon’s strategy to be a vertically integrated, full service manufacturing partner with our customers.  The incremental capabilities and added capacity, along with a shared mindset for high quality precision and complex machining stages us well for continued strong growth.”

Jim Williams, General Manager of Vulcan Machine, Inc., states, “We are very pleased to be joining forces with Talon Innovations.  I look forward to working with the Talon team as we leverage our significant synergies for growth.   Vulcan has been a successful machining partner for 37 years, and through this acquisition we are now in a position to expand the services we provide to our customers.”

About Graycliff Partners LP

Graycliff Partners is an independent investment firm focusing on middle market private equity and mezzanine investments in the United States and Latin America. Graycliff Partners LP is an SEC-registered investment advisor under the US Investment Advisors Act of 1940, as amended. Since 1991, the Graycliff Partners team, previously operating as HSBC Capital, has invested over $1 billion and completed over 80 transactions. With offices in New York and São Paulo, Graycliff Partners seeks to partner with companies led by strong, entrepreneurial management teams, providing capital for acquisitions, management buyouts, dividend recapitalizations, growth and expansion. For more information about Graycliff Partners visit www.graycliffpartners.com.

About Vulcan Machine:

Vulcan Machine, Inc. was founded in 1978. The company provides superior quality, consistency, reliable and cost-effective custom CNC machining on a contract basis for Original Equipment Manufacturers in aerospace, packaging, and industrial markets. Vulcan’s high end machining capabilities, including 5-axis technology, allow it to produce precision engineered, highly complex parts efficiently and cost effectively.

About Talon Innovations:

For over 20 years, customers in the Semiconductor Equipment, Medical Device, Aerospace and other High Tech markets have relied on Talon’s expertise, capabilities and professionalism.  As a leading-edge CNC machine shop near Minneapolis, Talon Innovations is your source for “Turn-Key” products and services to technical industries through the development and production of precision, ultra-high purity components and complex assemblies. Talon specializes in close tolerance machining and finishing of exotic materials, alloys and plastics.  Talon Innovations has principal offices in Sauk Rapids, MN.  Please visit www.taloneng.com for more information.