Foundation Investment Partners Acquires Spartan Tool Supply

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

July 2, 2025

Industrial Services

Foundation Investment Partners (FIP) has acquired AAA Industrial Supply, a Garrett, Indiana-based distributor of industrial supplies and safety equipment. The business will be integrated with Spartan Tool Supply under CEO Derek Elbaor to expand product lines, add nationwide e-commerce capabilities, and reach new markets.

NewHold Enterprises and Tecum Capital Invest in F&S Tool Inc.

September 2, 2020

Manufacturing

NewHold Enterprises and Tecum Capital Partners announced a growth investment in F&S Tool Inc., a family-owned precision tooling and mold manufacturer based in Erie, Pennsylvania. Financial terms were not disclosed; the investors said the capital and partnership will support next-stage growth, capability expansion and the company's second-generation leadership and succession plan, particularly serving medical and packaging end markets.

BlackHawk Industrial Acquires Pinnacle Tool & Supply

January 12, 2022

Industrial Services

BlackHawk Industrial, a Tulsa-based industrial distributor, has acquired Pinnacle Tool & Supply, a Toledo, Ohio-based distributor with a second location in Cleveland. The acquisition expands BlackHawk's operational footprint and service capabilities in the Ohio manufacturing market; financial terms were not disclosed.

BlackHawk Industrial Distribution Acquires Tools for Industry and Service for Industry

December 2, 2021

Industrial Services

BlackHawk Industrial Distribution, a Tulsa-based industrial distributor, acquired Dayton, Ohio-based Tools for Industry, Inc. (TFI) and affiliate Service for Industry (SFI) in a deal that closed on November 9, 2021. The acquisition expands BlackHawk's presence in southwestern Ohio and adds specialty cutting-tool manufacturing and grinding capabilities; 13 TFI/SFI associates joined BlackHawk and TFI's former president Tim Ozvath will lead integration at the Dayton branch.

Rhino Tool House Acquires Power Tools & Supply

January 24, 2024

Industrial Services

Rhino Tool House, a value-added distributor headquartered in Concord, North Carolina and backed by Blue Sea Capital, has acquired Power Tools & Supply, Inc., a Walled Lake, Michigan-based distributor of assembly tools and material handling solutions. The acquisition expands Rhino Tool House's presence in Michigan and Northern Ohio and increases local service capabilities for automotive and automation integration customers.

Berry Global Acquires F&S Tool from NewHold Enterprises

April 5, 2024

Manufacturing

Berry Global Group, Inc. acquired F&S Tool, a precision injection molding tool designer and manufacturer based in Erie, Pennsylvania, from NewHold Enterprises. The deal closed on April 5, 2024; F&S Tool operates a 90,000 sq. ft. facility, holds 11 issued/pending patents and employs about 105 people, and the acquisition expands Berry's global tooling and manufacturing capabilities.