Transaction Overview
- Represented Peak Toolworks, a portfolio company of Audax Private Equity, on its sale to Diamond Blade Warehouse, a portfolio company of Granite Creek and Canterbury Ventures.
- Peak Toolworks is a complete cutting tool solutions provider, offering custom cutting tools, sharpening services and standard consumable tools for the secondary woodworking, composite, food and metals industries.
- Diamond Blade Warehouse is a leading direct seller of a full range of diamond cutting tool products for concreate, brick, tile, granite and marble applications.
Key Observations
- The acquisition enhances Diamond Blade Warehouse’s existing product portfolio by introducing carbide tipped saw blades, cutter heads and drill bits.
Drivers of Interest
- One-stop-shop offering with a diverse range of cutting tools.
- End-to-end coverage of the cutting tool value chain as a custom tool manufacturer, reseller and servicer.
- Recurring, “annuity-like” revenue model.
- Leading share in the secondary woodworking market.
- Strategically located service center footprint across North America.
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