Exclusive financial advisor to Wetmore Tool & Engineering Company

KPMG Corporate Finance LLC acted as exclusive financial advisor to Wetmore Tool & Engineering.

About the engagement

Founded in 1950 and based in Chino, California, Wetmore is a leader in the production of specialty round cutting tools and temporary fasteners for use in aerospace manufacturing applications. Wetmore’s product offering is recognized for high quality, precision, balance, and serviceability and utilized by a customer base that includes the most recognized aerospace and defense manufacturers globally.

“It has been an honor to work with our management partners at Wetmore to build upon the company’s legacy as a long-standing and valued supplier to many of the aerospace industry’s best manufacturers. During our investment period, we’ve worked closely with the company to expand its production capacity, implement best in class financial and operating systems and deepen relationships with valued customers and distribution partners,” said Corridor Managing Director, Cameron Reilly.

The acquisition not only expands Dormer Pramet’s range of round tools but it also facilitates an improved position in key aerospace markets, enhancing Dormer Pramet’s “one-stop-shop” offering. “The acquisition is aligned with Sandvik Machining Solutions’ growth strategy. Wetmore Tool & Engineering will add competence in application areas that complements our existing offering in round tools”, says Klas Forsström, President of Sandvik Machining Solutions.

About Corridor Capital

Corridor Capital is a Los Angeles based, operationally-intensive, private equity firm focused on investing in lower middle market, specialty manufacturing, business services and value-added distribution companies.

About Sandvik AB

Sandvik AB, headquartered in Stockholm, Sweden, is a high-tech and global engineering Group conducting operations in three business areas: Sandvik Machining Solutions, Sandvik Mining and Rock Technology, and Sandvik Materials Technology.

Meet our team

In today’s market, you need an advisor with objective insight at every step of the transaction process. We work with you throughout the full deal cycle to create value and successfully execute your deal strategy.

Image of Chrisanne Corbett
Chrisanne Corbett
Managing Director, Corporate Finance, KPMG Corporate Finance LLC

Global coverage. Industry knowledge. Middle-Market focus.

The global Corporate Finance practices of KPMG International’s independent member firms is a leading investment banking network, ranked #1 in the Global Middle-Market League Tables, for the past 20 years cumulatively, according to Refinitiv’s Mid-Market M&A Review.

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.