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News
RELIANT EQUITY INVESTORS ACQUIRES A LEADING PROFESSIONAL TOOLS COMPANY
Reliant Equity Investors teams with industry veteran Ron Ortiz to form Specialty Tools, Inc., a vehicle created to acquire branded manufacturers of premium hand tools targeted towards the professional user. The company’s first acquisition is Nupla Corporation.
Nupla Corporation, founded in 1938 in
"Nupla is a well-known brand that represents quality. This strong foundation, coupled with the experience and expertise of Ron Ortiz, positions Nupla strongly for future growth" says
Mr. Ortiz, who is also an investor in Specialty Tools, Inc. and will serve as Chief Executive Officer, has more than 20 years of full P&L industry experience. Commenting on the transaction, Mr. Ortiz said, "I am thrilled to work with Reliant Equity to fulfill our mutual vision of creating a portfolio of brands to serve the professional hand tool industry. Nupla, which celebrates its 70th year in 2008, is a great start toward accomplishing that goal."
In order to continue its growth, Reliant Equity Investors and Specialty Tools seek add-on acquisitions in the professional tools space. For more information please contact Omar Simmons or
Reliant Equity Investors Seeks Platform Acquisitions
Reliant is currently seeking platform acquisitions with $3-8 million in EBITDA in a broad range of industries including packaging, consumer products, light manufacturing, food processing and business services.
Please contact