White Cap Acquires Diamond Tool and Cook & Boardman Rebar Operations
Diamond Tool is in Philadelphia; rebar operation is located in Nashville, Tennessee.
White Cap Supply Holdings, LLC ("White Cap") has closed on an agreement to acquire Diamond Tool & Fastener, Inc., ("Diamond Tool") based in Philadelphia, Pa., with another location in Edgewater Park, N.J. and a distribution center in Bristol, Pa. Diamond Tool will join White Cap in the Northeast Region in serving its local customers with exceptional customer service.
"Diamond Tool is in the heart of Philadelphia and the team does an incredible job serving customers in this centralized, high-volume area," said John Stegeman, Chief Executive Officer of White Cap. "With the additional location in Edgewater Park and a distribution center in Bristol, we look forward to the expanded service locations and product offerings we can now offer our mutual customers in the Philadelphia area as a combined business."
White Cap has also closed on an agreement to acquire the rebar operations located in Nashville, Tennessee, that were previously part of The Cook & Boardman Group.
"This location, which specializes in steel fabrication and the supply of rebar placement materials and concrete accessories, will allow us to provide expanded rebar services to our local customers in a fast-growing market," said John Stegeman, CEO of White Cap. "We are excited to continue to deliver exceptional service for our local customers thanks to this new strong talent and capabilities in the Mid-South market."
Visit www.whitecap.com.
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