Climax Portable Machining & Welding Systems, Inc. (“Climax”), a portfolio holding company of Industrial Growth Partners (“IGP”), has acquired the assets of H&S Tool, Inc. and H&S Tool Ltd. (collectively “H&S Tool”). EdgePoint Capital (“EdgePoint”) initiated the transaction, led the negotiations of the sale, and served as the exclusive sell-side advisor to H&S Tool. Terms of the transaction were not disclosed.
H&S Tool, headquartered in Wadsworth, Ohio, USA, is the top brand and leading independent provider of ID-mount and OD-mount/clamshell pipe cutting and beveling tools. H&S Tool has offices in the USA and UK, and a worldwide distribution network
Climax, headquartered in Newberg, Oregon, USA, is the leading global provider of high-performance portable machine tools and welding systems. Climax also provides high-performance valve test systems under the Climax Calder brand. Climax has offices and operations throughout the world and channel partners in all major markets.
IGP is a San Francisco-based specialist private investment partnership focused exclusively on acquiring middle-market industrial manufacturing businesses. Since its inception in 1997, the firm has raised $1.4 billion in equity capital across four funds and have successfully invested alongside management in over two dozen platform transactions.
EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.