Caleb Standafer III Acquires Springfield Tool & Die
September 5, 2024
Springfield Tool & Die, a nearly 100-year-old precision manufacturing business headquartered in Duncan, South Carolina, was acquired by individual buyer Caleb Standafer III. The transaction—facilitated by Viking Mergers & Acquisitions—transfers ownership from retiring president Tom Aldridge, with the new owner committing to preserve the company’s legacy and service levels.
- Buyers
- Caleb Standafer III
- Targets
- Springfield Tool & Die, Inc.
- Sellers
- Tom Aldridge
- Industry
- Manufacturing
- Location
- South Carolina, United States
- Transaction Type
- Buyout
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