M&A Deal Summary

P&F Industries Acquires Jiffy Air Tool

On April 6, 2017, P&F Industries acquired machinery company Jiffy Air Tool for 7M USD

Acquisition Highlights
  • This is P&F Industries’ 1st transaction in the Machinery sector.
  • This is P&F Industries’ 3rd largest (disclosed) transaction.
  • This is P&F Industries’ 4th transaction in the United States.
  • This is P&F Industries’ 1st transaction in Nevada.

M&A Deal Summary

Date 2017-04-06
Target Jiffy Air Tool
Sector Machinery
Buyer(s) P&F Industries
Deal Type Add-on Acquisition
Deal Value 7M USD

Target

Jiffy Air Tool

Carson City, Nevada, United States
Jiffy Air Tool, Inc. is a manufacturer and distributor pneumatic tools and components, primarily sold to aerospace manufacturers. Jiffy Air Tool was formed in 1940 and is based in Carson City, Nevada.

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Buyer(S) 1

Buyer

P&F Industries

Melville, New York, United States

Category Company
Founded 1959
Sector Machinery
Employees134
Revenue 59M USD (2022)
DESCRIPTION

P&F Industries is a global designer, manufacturer, and distributor of power tools, gears, and other highly engineered industrial equipment. P&F’s products are sold under several proprietary brands including AIRCAT, Jiffy Air Tool, Universal Tool, and ATP, as well as under the private labels of major manufacturers and retailers. The company’s products are used in a variety of end markets, including aerospace OEM, automotive aftermarket, DIY consumer, and other niche manufacturing. P&F Industries was founded in 1959 and is based in Melville, New York.


DEAL STATS #
Overall 4 of 4
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Nevada) 1 of 1
Country (United States) 4 of 4
Year (2017) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-11 Nationwide Industries

Tampa, Florida, United States

Nationwide Industries is a designer and manufacturer of quality hardware and components for the building materials industry. Nationwide’s products include a broad line of fence and gate hardware, railing component and infill systems, perimeter security components, custom building materials components sold on an OEM basis, and hardware for the patio industry. Nationwide Industries is based in Tampa, Florida.

Sell $22M