Palindrome, LLP Acquires Rhino Tool Company
November 7, 2023
Palindrome, LLP, a private holding company headquartered in Spokane, Washington, acquired Rhino Tool Company, a Kewanee, Illinois manufacturer of pneumatic, hydraulic and gas-powered tools. The sell-side advisor was Kreshmore Group; the transaction closed on October 12, 2023 for undisclosed terms and appears to reflect an ownership transition led by company leadership.
- Buyers
- Palindrome, LLP
- Targets
- Rhino Tool Company
- Sellers
- James Martin
- Industry
- Manufacturing
- Location
- Illinois, United States
- Transaction Type
- Buyout
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