Huntstone Capital Acquires Majority Stake in Footage Tools Inc.

April 27, 2023

Huntstone Capital LP has acquired a majority interest in Footage Tools Inc., a Vaughan, Ontario-based manufacturer of premium tools for the gas, water and underground utility markets. The transaction closed in early March, with seller Argyle Capital Partners realizing approximately a 10x multiple of invested capital and a net IRR of 75% over a five-year hold.

Buyers
Huntstone Capital LP
Targets
Footage Tools Inc.
Sellers
Argyle Capital Partners Inc.
Industry
Manufacturing
Location
Ontario, Canada
Transaction Type
Buyout

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