Link Tool & Manufacturing, a leading manufacturer of precision steel, carbide and ceramic tooling, primarily utilized in cold heading and other metal forming processes, has been acquired by PennEngineering & Manufacturing Corporation. PennEngineering, a portfolio company of Tinicum Incorporated, is a global leader in engineered fastening solutions. The acquisition of Link expands PennEngineering’s capabilities as a supplier of precision tooling solutions to multiple end markets. Cascade Partners served as the exclusive financial advisor to Link Tool & Manufacturing.