Diamond Tool & Fastener, Inc. has been acquired by White Cap
White Cap Supply Holdings, LLC (“White Cap”) acquired Diamond Tool & Fastener, Inc. (“Diamond Tool”), a Philadelphia, Pennsylvania - based distributor of contractor supplies and rental equipment. EdgePoint served as the exclusive financial advisor to Diamond Tool. Terms of the transaction were not disclosed.
Founded in 1974, Diamond Tool services the Philadelphia Tri-State area supplying professional contractors with the tools and knowledge needed to get the job done. Offering sales, rentals, service, and safety, equipment training and more, Diamond Tool has the products and services for every type of job. Diamond Tool is based in Philadelphia, PA with another location in Edgewater Park, NJ and a distribution center in Bristol, PA. For more information visit www.diamondtool.net .
White Cap Supply Holdings, LLC ("White Cap") serves as a one-stop shop providing concrete accessories and chemicals, tools and equipment, building materials and fasteners, erosion and waterproofing and safety products to professional contractors by meeting their distinct and customized supply needs in non-residential, residential and infrastructure end markets. White Cap is comprised of multiple brands in the U.S., including Ram Tool, and the Brafasco, Brock White and NCA brands in Canada. White Cap operates approximately 450 branches across the U.S. and Canada with approximately 9,000 employees and offers nearly 450,000 SKUs to approximately 150,000 customers. For more information, visit newsroom.whitecap.com.
EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services