Rhino Tool House Acquires TMI Supply Company
October 2, 2023
Rhino Tool House, a Concord, North Carolina-based value-added distributor, has acquired TMI Supply Company of Grand Rapids, Michigan to expand its western Michigan footprint and broaden product and service offerings. The transaction is an add-on to the Rhino platform during its partnership with private equity backer Blue Sea Capital, and TMI founder Tim Montsma will assume a leadership role with the combined company.
- Buyers
- Rhino Tool House, Blue Sea Capital
- Targets
- TMI Supply Company
- Sellers
- Tim Montsma (Founder of TMI Supply Company)
- Platforms
- Rhino Tool House
- Industry
- Industrial Services
- Location
- Michigan, United States
- Transaction Type
- Addon
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