Foundation Investment Partners Acquires AAA Industrial Supply (to integrate with Spartan Tool Supply)

Foundation Investment Partners Acquires Spartan Tool Supply

March 11, 2024

Industrial Services

Foundation Investment Partners has acquired Spartan Tool Supply, a Columbus, Ohio-based distributor of industrial power tools and equipment. Spartan will continue to operate autonomously under new CEO Derek Elbaor with support from FIP to expand the team, enter new markets and grow the business.

Foundation Investment Partners Acquires American Spool & Packaging (Amspak)

October 17, 2024

Packaging

Foundation Investment Partners (FIP) has completed the acquisition of American Spool & Packaging, Inc. (Amspak), a Hartsville, South Carolina-based specialty paper packaging manufacturer. The Ridgeway family is exiting the business while FIP will keep operations in place with industry veteran David Partin serving as CEO to support growth and reinvestment in the company.

American Industrial Partners Makes Strategic Investment in Austin Powder

July 1, 2024

Manufacturing

American Industrial Partners (AIP) has made a strategic growth investment in Austin Powder to support the company's expansion, innovation and global growth plans while partnering with Austin’s existing long-term ownership group and management team. Financial terms were not disclosed; the investment will provide AIP’s financial and operational resources to accelerate geographic expansion and capability development across Austin Powder’s explosives manufacturing and blasting services business.

Valesco Industries Acquires AAA Distributor, Inc.

June 17, 2021

Building Products

Valesco Industries completed a majority buyout and control recapitalization of AAA Distributor, Inc., a Philadelphia-based distributor, wholesaler and retailer of kitchen, bath and flooring products. Brookside Capital Partners and AAA management co-invested (Brookside providing subordinated debt and equity) to support AAA's growth in Philadelphia and expansion into new U.S. markets.

SPL, Inc. (IGP Portfolio Company) Acquires AFS (Assured Flow Solutions)

September 27, 2021

Energy

SPL, Inc., a Houston-based testing, inspection and certification (TIC) platform backed by Industrial Growth Partners, has acquired AFS (Assured Flow Solutions). The add-on expands SPL’s laboratory testing, software and tech-enabled consulting capabilities — particularly in flow assurance, asset integrity and ESG — and broadens its footprint in Houston, Denver, Europe and Asia-Pacific.

Congruent Investment Partners Makes Equity Investment in AAA Fabrication

June 28, 2023

Manufacturing

Dallas-based private equity firm Congruent Investment Partners announced an equity investment in North Texas-based AAA Fabrication. The founder and management team (led by Richard Alldredge) will remain in leadership and retain significant ownership as Congruent provides capital to support growth and operational strengthening.