Accurate Components & Fasteners Acquires All Tool Sales
Minnesota firm adds company in Franksville, Wisconsin.
High Road Capital Partners announces that its portfolio company Accurate Components & Fasteners has completed the acquisition of All Tool Sales, Inc.
Based in Franksville, Wisconsin, All Tool Sales operates through two divisions: All Fasteners, a distributor of industrial fasteners used by original-equipment manufacturers, and All Tool Sales, a distributor of cutting tools and industrial supplies.
“All Tool Sales has a strong reputation for high-quality products and consultative services through its vendor-managed inventory programs,” said Benjamin A. Schnakenberg, High Road Partner. “This acquisition expands our footprint and solidifies Accurate’s position as a leading provider of industrial fasteners and other industrial supplies to manufacturers in the Midwest.”
“We are excited to join the Accurate platform and have additional resources to serve our customers,” said Jim Ruetz, who will serve as president of the subsidiary. “We share the belief that being close to the customer and developing deep relationships is key to their success and ours,” added Mr. Ruetz, a son of All Tool Sales’ founder. Family members Rosemary Thornton and Nick Ruetz will also continue in management roles.
Accurate Components & Fasteners’ acquisition of All Tool Sales closed on December 20, 2013.
Accurate Components & Fasteners, founded in 1986, is a leading value-added distributor of industrial fasteners, hardware, stampings and production components used by original-equipment manufacturers in their manufacturing operations. Accurate is headquartered in New Brighton, Minnesota, and has a facility in Fargo, North Dakota. http://www.accuratecomp.com.
All Tool Sales, founded in 1962, is a leading independent distributor of industrial fasteners used by original-equipment manufacturers. It also provides MRO (maintenance, repair and operations) supplies such as cutting tools and machinery components. All Tool Sales is headquartered in Franksville, Wisconsin. http://www.alltoolsales.com.
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