FIP invests in Dayton Tool Crib
Solon, OH – Foundation Investment Partners (FIP) is pleased to announce the successful acquisition of Dayton Tool Crib (DTC), a supplier of industrial and automotive tools located in Dayton, Ohio. Known for being “Your One Stop Tool Shop”, Dayton Tool Crib strives to provide trusted guidance, quality products, and professional assistance to its customers.
Through the acquisition, Dayton Tool Crib becomes part of Spartan Tool Supply, led by CEO Derek Elbaor. The move expands Spartan’s resources and product lines, enabling entry into new markets and stronger customer offerings. “We are excited about the opportunities ahead as we integrate Dayton Tool Crib into the ongoing success of Spartan Tool, said Elbaor. Through our merger with Spartan Tool Supply and Dayton Tool Crib, we’ve combined decades of experience and expertise to offer a diverse, dependable selection of tools, safety products, industrial supplies, and specialty items—all from trusted brands. This partnership allows us to serve customers with greater depth, broader inventory, and the buying power of a larger regional supplier.”
Jim Foley, Partner at FIP said, “this expansion reflects the company’s dedication to long-term growth and meaningful connections, with plans to support local customers and contribute positively to the Southwest Ohio area.”
About Foundation Investment Partners
Foundation Investment Partners focuses on investing in niche manufacturers, high value-added distributors, and outsourced business service providers with EBITDA levels of $1 million to $10 million. FIP’s operating model focuses on embedding our team with the owners or operators of smaller businesses to provide the support, guidance, and resources necessary to grow the business. For more information, please visit www.foundationpartners.net.
