Foundation Investment Partners, Chagrin Falls, Ohio, a private equity investor of niche manufacturers and high value-add distributors, has acquired Spartan Tool Supply, a distributor of industrial power tools and equipment based in Columbus, Ohio.
Don’t miss any content from Distribution Strategy Group. Join our list.
Spartan Tool Supply will continue to operate autonomously with Derek Elbaor as CEO. The acquisition will provide Spartan with access to new resources and expertise to expand their team and enter new markets.
“We are thrilled to welcome Spartan Tool Supply into the Foundation Investment Partners family,” said David Wood, Managing Member of Foundation Investment Partners. “Spartan’s reputation for providing leading industrial brands and stocking unique, hard-to-find consumables and accessories align perfectly with our dedication to delivering exceptional value to our customers.”
