FIP acquires AAA Industrial Supply
Solon, OH – Foundation Investment Partners (FIP) is pleased to announce the successful acquisition of AAA Industrial Supply, a premier distributor of industrial supplies and safety equipment based in Garrett, Indiana. Known for its commitment to quality and customer service, AAA Industrial Supply has long served as a trusted provider of keyless locks, magnifiers, knives and blades, floor films, adhesives, lubricants, and safety equipment across a range of industries. With its acquisition, AAA Industrial Supply enters a new chapter under the leadership of Derek Elbaor, CEO of Spartan Tool Supply. The acquisition provides Spartan with expanded resources and product lines to enter new markets and deliver even greater value to its customers. “We are excited about the opportunities that lie ahead as we integrate AAA Industrial Supply with our legacy business at Spartan Tool,” said Elbaor. “With AAA Industrial Supply’s online presence, we add nationwide ecommerce capabilities which will greatly improve our abilities to reach new customers from one strategic location in Columbus, Ohio.”
Amy Forsythe, Partner at FIP said, “We are thrilled to welcome AAA Industrial Supply into the FIP family. The company’s strong customer relationships and consistent performance in a resilient sector make it an ideal avenue for growth. We look forward to supporting the combined team at AAA Industrial Supply and Spartan Tool Supply as they expand their offerings and reach new markets.”
About Foundation Investment Partners
Foundation Investment Partners is a private equity firm focused on building companies that account for the well-being of our people, recognizing that the cared for and empowered are more likely to outperform. FIP focuses on investing in niche manufacturers, high value-added distributors, outsourced business service providers, and niche software developers 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 .
