Add-on Acquisition • Manufacturing

Diamond Blade Warehouse Acquires Peak Toolworks

On December 13, 2023, Diamond Blade Warehouse acquired manufacturer Peak Toolworks from Audax Private Equity

Acquisition Context
  • This is Diamond Blade Warehouse’s 1st transaction in the Manufacturing sector.
  • This is Diamond Blade Warehouse’s 1st transaction in the United States.
  • This is Diamond Blade Warehouse’s 1st transaction in Indiana.

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M&A Deal Summary

Date December 13, 2023
Target Peak Toolworks
Sector Manufacturing
Buyer(s) Diamond Blade Warehouse
Sellers(s) Audax Private Equity
Deal Type Add-on Acquisition

Target Company

Peak Toolworks

Jasper, Indiana, United States
Peak Toolworks manufactures and provides service for state-of-the-art multifaceted carbide and diamond tipped cutters to the woodworking, building materials, and metal sawing industry. Peak Toolworks was founded in 1941 and is based in Jasper, Indiana.
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Buyer Overview 1

Buyer

Diamond Blade Warehouse

Vernon Hills, Illinois, United States

Category Company
Sector Distribution
DESCRIPTION

Diamond Blade Warehouse is a provider of a full range of diamond cutting tool products for a variety of applications. DBW is a wholesale supplier of diamond blades, core bits, and cup wheels for cutting concrete, asphalt, granite, tile, marble, porcelain, brick and more. DBW’s products are used for a variety of purposes, including concrete and masonry, general purpose, asphalt and green concrete, concrete pavers and hard brick, tuck-pointing, and tile, granite, and marble applications. Diamond Blade Warehouse is headquartered in Vernon Hills, Illinois.


Deal Context for Buyer #
Overall 1 of 1
Sector: Manufacturing 1 of 1
Type: Add-on Acquisition 1 of 1
State: Indiana 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1

Seller Profile 1

SELLER

Audax Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.


Deal Context for Seller #
Overall 97 of 110
Sector: Manufacturing 5 of 5
Type: Add-on Acquisition 31 of 36
State: Indiana 2 of 2
Country: United States 92 of 104
Year: 2023 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-01 Meridian Programs

New Brighton, Minnesota, United States

Meridian Programs is a provider of addiction treatment services at residential and outpatient facilities. Meridian Programs is based in New Brighton, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-18 Dobbs Tire & Auto Centers

High Ridge, Missouri, United States

Dobbs Tire & Auto Centers is a tyre retailer and automotive aftermarket service company with a strong presence in the Midwestern United States. Dobbs Tire & Auto Centers was founded in 1976 and is based in High Ridge, Missouri.

Buy -