M&A Deal Summary

Foundation Investment Partners Acquires Spartan Tool Supply

On March 11, 2024, private equity firm Foundation Investment Partners acquired distribution company Spartan Tool Supply

Acquisition Highlights
  • This is Foundation Investment Partners’ 2nd transaction in the Distribution sector.
  • This is Foundation Investment Partners’ 7th transaction in the United States.
  • This is Foundation Investment Partners’ 3rd transaction in Ohio.

M&A Deal Summary

Date 2024-03-11
Target Spartan Tool Supply
Sector Distribution
Buyer(s) Foundation Investment Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Spartan Tool Supply

Columbus, Ohio, United States
website
Spartan Tool Supply is a distributor of industrial power tools and equipment to businesses across various industries. Spartan Tool Supply is based in Columbus, Ohio.

Search 195,137 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

DESCRIPTION

Foundation Investment Partners is a Midwest US-based private equity investor focused on acquiring niche manufacturers, value-added distributors, outsourced business service providers, and targeted software developers. Targeted acquisition characteristics include b2b orientation, defensible market positions, undermanaged, and limited focus on sales/marketing. The Firm seeks businesses profitable candidates with $1 to $6 million of EBITDA. Foundation Investment Partners was formed in 2009 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 7 of 7
Sector (Distribution) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (Ohio) 3 of 3
Country (United States) 7 of 7
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-05 Miljoco

Mt Clemens, Michigan, United States

Miljoco is a designer, manufacturer, and distributor of a broad range of temperature and pressure measurement instruments utilized in critical life and safety, food safety, commercial indoor environmental quality (IEQ), and industrial applications. The company's proprietary automated production and near-zero tolerance for failure have resulted in a well-earned reputation for quality, highly customizable products. Miljoco was formed in 1979 and is based in Mt Clemens, Michigan.

Sell -