Dallas--(BUSINESS WIRE)--Generational Equity, a leading private enterprise mergers and acquisitions consultant, is pleased to announce the sale of its client Tools for Industry, Inc. to BlackHawk Industrial Distribution, Inc. BlackHawk Industrial also acquired Tools for Industry's subsidiary, Service for Industry. The acquisition ends on November 9, 2021.
Industrial Tools (TFI) and Industrial Services (SFI) are industrial distributors and manufacturers based in Dayton, Ohio. TFI distributes professional cutting tools and industrial supplies. The company also produces special drill bits and provides complementary grinding solutions.
In general, TFI's product line includes various end mills, milling cutters, engraving and chamfering tools, milling cutters, taps and dies, thread milling cutters, internal and external turning heads, chucks, deburring and broaching tools, Hole cutters, boring heads and systems, abrasives, professional measuring tools and other related supplies.
TFI has a good reputation in the regional market and has a good reputation in terms of the breadth of products provided, customer service, technical knowledge and timely delivery of products.
BlackHawk Industrial Distribution (BlackHawk), located in Tulsa, Oklahoma, is an industrial distributor specializing in metal processing products such as carbide tools, abrasives, saw blades and fluids. They also provide a full range of MRO products. BlackHawk also has the expertise and capabilities to provide customized industrial vending solutions and creative supply chain solutions. The skilled sales staff is committed to providing world-class service and cost saving for customers' production workshops.
The acquisition of TFI/SFI strengthened BlackHawk's influence in southwest Ohio. BlackHawk President and CEO John Mark explained: “We have not only assembled an excellent team with a wide range of new customers, but also increased the breadth of our solutions by adding some unique manufacturing capabilities. TFI/SFI is very suitable for BlackHawk and Our culture."
Former TFI President Tim Ozvath will join BlackHawk as the team leader and will help integrate TFI into BlackHawk's Dayton branch. Thirteen TFI/SFI employees will also join the BlackHawk family.
Generational Equity M&A Executive Managing Director-Central Region Michael Goss and his team led by M&A Managing Director Jerry Yocum successfully completed the transaction with the support of M&A Managing Director Ryan Johnson. Senior Managing Director Brian Hendershot established an initial relationship with TFI/SFI.
"Both buyers and sellers work hard to get this done. This is very suitable for both parties," Yocum said.
Generational Equity, Generational Capital Markets (member of FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group and DealForce are part of Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory companies in North America.
These companies have more than 250 professionals in 16 offices in North America, helping business owners unlock their business wealth by providing growth consulting, mergers and acquisitions and wealth management services. Their six-step approach includes strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategy, M&A transaction services and wealth management.
The M&A consultant named the company the best investment banking company in 2017 and 2018 and the valuation company in 2020. For more information, please visit https://www.genequityco.com/ or the Generational Equity press room.
Carl Doerksen 972-232-1125 cdoerksen@generational.com
Tools for Industry is a customer of Generational Equity and was acquired by BlackHawk Industrial Distribution.
Carl Doerksen 972-232-1125 cdoerksen@generational.com