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  6. BB Industries Acquires Innovative Tool Solutions

M&A Deal Summary

BB Industries Acquires Innovative Tool Solutions

On March 21, 2023, BB Industries acquired retailer Innovative Tool Solutions

Acquisition Highlights
  • This is BB Industries’ 1st transaction in the Retail sector.
  • This is BB Industries’ 1st transaction in the United States.
  • This is BB Industries’ 1st transaction in Florida.

M&A Deal Summary
Date 2023-03-21
Target Innovative Tool Solutions
Sector Retail
Buyer(s) BB Industries
Deal Type Add-on Acquisition
Advisor(s) Generational Group (Financial)

Target

Innovative Tool Solutions

Sarasota, Florida, United States
Innovative Tool Solutions is a retailer of stone countertop fabrication and installation tools and supplies. The Company specializes in diamond tooling, kitchen and bath sinks, shop supplies, chemicals, and specialty services. Innovative Tool Solutions is based in Sarasota, Florida.

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Buyer(S) 1

Buyer

BB Industries

Knoxville, Tennessee, United States
Category Company
Founded 1994
Sector Distribution
DESCRIPTION

BB Industries is a distributor of tools, materials, and supplies to granite countertop fabricators, marble stone masons, and tile contractors. BB Industries was founded in 1994 and is based in Knoxville, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
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