Foundation Investment Partners completes acquisition of Spartan Tool Supply in Columbus, Ohio
03/11/24, 1:18 PM
Location
chagrin fallscolumbusIndustry
manufacturing
software
manufacturing
Foundation Investment Partners successfully acquired Spartan Tool Supply, a premier distributor of industrial power tools and equipment located in Columbus, Ohio. The acquisition aims to leverage FIP's expertise in the industrial distribution space to create immediate value for Spartan Tool Supply. Under FIP's ownership, Spartan Tool Supply will continue to operate autonomously and will benefit from new resources and expertise to expand its team, enter new markets, and build upon its success.
Company Info
Location
Chagrin Falls, Ohio, United States
Company info
Foundation Investment Partners is a private equity firm focused on building companies that account for the well-being of our people, recognizing that the cared for and empowered are more likely to outperform. FIP focuses on investing in niche manufacturers, high value-added distributors, outsourced business service providers, and niche software developers with EBITDA levels of $1 million to $10 million. FIP's operating model focuses on embedding our team with the owners or operators of smaller businesses to provide the support, guidance, and resources necessary to grow the business.