NEW YORK, N.Y. - General Tools & Instruments today revealed that in February it was acquired by High Road Capital Partners, a private equity firm based in New York City.
“General remains focused on providing its customers with feature-rich, value-oriented specialty hand tools and test instruments,” said General CEO Joe Ennis, who is staying at the helm of the company with his senior management team, according to the announcement. “We look forward to working with High Road and continuing the company’s successful expansion.”
The investment by High Road will enable General to accelerate growth with increased product development and distribution, the company said.
High Road Partner Jeff Goodrich said, “Together with General’s outstanding management team, we plan to pursue both organic growth initiatives and add-on acquisitions.
“General Tools & Instruments is a third-generation, family-run company with an enviable customer base, a trusted brand name and high-quality products. It has a solid position as a leading provider of specialty hand tools and instruments across multiple industries,” Goodrich added.
From a press release