Rhino Assembly Corporation

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Rhino Assembly Corporation - overview

Established

2000

Location

Concord, NC, US

Primary Industry

Industrial Machinery

About

Rhino Assembly Corporation, based in Concord, US, specializes in providing advanced automated tools and systems for modern manufacturing, enhancing operational efficiency across various sectors. Rhino Assembly Corporation was founded in 2000 and is focused on manufacturing solutions. In September 2018, the company merged with The Tool House, a portfolio company of Wincove Capital, forming Rhino Tool House. The merger aimed to expand the product portfolio and standardize services for a broader client base.


The company's headquarters is located in Concord, US. Rhino Tool House specializes in providing advanced tools, systems, and support tailored to modern manufacturing challenges. Their core offerings include automated guided vehicles (AGVs), collaborative robots (cobots), high torque tools, intelligent fastening systems, and ergonomic material handling solutions. These products are designed to optimize manufacturing processes by minimizing downtime, reducing errors, and enhancing overall efficiency.


Rhino Tool House serves a diverse client base that includes industries such as automotive, aerospace, and food preparation, with notable customers like Electrolux, Britax, and Cummins. Their solutions are deployed across various geographical markets including North America, Europe, and select regions in Asia, addressing the pressing need for precision and safety in assembly line operations. Rhino Tool House generates its revenue through a direct-to-business model, offering a range of tools and systems that are integral to manufacturing operations. The transactional structure typically involves sales agreements, where clients make purchases based on specific project needs.


Rhino Tool House’s flagship products are bundled in customized packages tailored to the requirements of their partners, ensuring optimal integration into existing workflows. The company provides ongoing support services that may include training and maintenance, reflecting a long-term partnership approach with clients. Revenue streams are bolstered by providing both one-time purchases and subscription-based maintenance services, allowing for a steady flow of income while fostering customer loyalty. Following the merger in September 2018, Rhino Tool House plans to expand its product offerings and enhance services to its customers.


The merger is expected to enable a more expansive portfolio of products and broader standardized services. Specific plans for new products are currently under development, aligning with market needs. The company aims to enter additional geographical markets, particularly targeting regions in Asia and Europe for expansion. Recent investments from the merger will be utilized to support these initiatives, focusing on integrating a wider array of solutions to meet the evolving demands of the manufacturing industry.


Current Investors

Rhino Tool House

Primary Industry

Industrial Machinery

Sub Industries

Industrial Machinery

Website

www.rhinoassembly.com

Company Stage

Merged

Total Amount Raised

Subscriber access only

Rhino Assembly Corporation - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
MergerCompletedRhino Assembly Corporation, The Tool House, Inc.-
GrowthCompletedRhino Assembly Corporation-

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