Burton Saw and Supply, a portfolio company of Pfingsten Partners, has acquired Global Tooling and Supply (GTS). As part of the transaction, GTS owners Eric and Patty Allen will become shareholders in Burton Saw.
GTS is a distributor of cutting tools, knives and other similar products to secondary wood product manufacturers in North America. The company maintains a product line of just over 2,000 SKUs and has about 800 customers. GTS is led by its president Eric Allen and is headquartered south of Portland in Eugene, OR (www.globaltooling.com).
“Global Tooling has supplied Burton Saw for the past 20 years and we are aligned with Burton Saw’s culture, vision and values,” said Mr. Allen. “This combination is a logical fit and we are very excited about the future.”
Burton Saw and Supply manufactures and distributes consumable products and equipment including saws, saw tips, abrasives and replacement machine parts. The company’s product portfolio includes approximately 8,000 SKUs. Burton Saw was founded in 1903 in Vancouver, BC by Mr. A.J. Burton and today is led by its CEO Craig Tompkins. The company is headquartered in Eugene, OR and has six other locations near key lumber producing areas (www.burtonsaw.com).
Pfingsten Partners invests in middle market manufacturing, distribution and business services companies. Since founding in 1989, Pfingsten has acquired 109 manufacturing, distribution and business services companies through four funds with total commitments of approximately $1 billion. The firm is based in Chicago with additional offices in India and China (www.pfingsten.com).
This is Burton Saw’s second add-on acquisition since being acquired by Pfingsten in December 2014. Pfingsten’s strategy is to build Burton Saw into a leading supplier of consumable products and equipment to North American wood product manufacturers.
© 2016 PEPD • Private Equity’s Leading News Magazine • 2-23-16