We are pleased to announce the sale of our client, Innovative Tool Solutions LLC to BB Industries Supply LLC. The deal closed March 14, 2023.
Located in Sarasota, Florida, Innovative Tool Solutions (ITS) is a retailer of stone countertop fabrication and installation tools and supplies. The Company specializes in diamond tooling, kitchen and bath sinks, shop supplies, chemicals, and specialty services.
BB Industries Supply (BBI), located in Knoxville, Tennessee, is a leading distributor of tools, materials and supplies to granite countertop fabricators, marble stone masons, and tile contractors. Its own branded products are a significant portion of total sales.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, Senior M&A Advisor, Nick Arnheim, with the support of Vice President, M&A, Emil Nirkis, successfully closed the transaction. Executive Managing Director, Rick Buchoz, established the initial relationship with ITS.
“John Hager and Tim Olson have built a wonderful business, servicing their customers with dedication and care every step of the way. The acquisition of Innovative Tool Solutions by BB Industries Supply is a perfect match, and I know that BBI will continue to take the company to new heights under their leadership," said Arnheim.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Industrials M&A Deals page.
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