Tue, 31/12/2013 - 14:30
High Road Capital Partners’ portfolio company Accurate Components & Fasteners has completed the acquisition of All Tool Sales.
Based in Franksville, Wisconsin, All Tool Sales operates through two divisions: All Fasteners, a distributor of industrial fasteners used by original-equipment manufacturers; and All Tool Sales, a distributor of cutting tools and industrial supplies.
“All Tool Sales has a strong reputation for high-quality products and consultative services through its vendor-managed inventory programmes,” says Benjamin A Schnakenberg, High Road partner. “This acquisition expands our footprint and solidifies Accurate’s position as a leading provider of industrial fasteners and other industrial supplies to manufacturers in the Midwest.”
“We are excited to join the Accurate platform and have additional resources to serve our customers,” says Jim Ruetz, who will serve as president of the subsidiary.
Family members Rosemary Thornton and Nick Ruetz will also continue in management roles.
Financing for the transaction was provided by US Bank and Northstar Capital. Transaction consideration was not disclosed.
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