Milwaukee-based private equity firm Generation Growth Capital (GGC) has acquired three Midwestern manufacturers as part of the launch of its newly formed metal manufacturing platform, called American Consolidated Metals.

The first company acquired by Generation Growth Capital is West Bend-based Federal Tool & Engineering. The company provides metal stamping, metal fabrication and manufacturing engineering services.

Last month, an affiliate of GCC sold the Federal Tool & Engineering building at 2150 Stonebridge Road to an affiliate of Three Leaf Partners for $3.75 million. The manufacturer still operates in the building.

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