Sale of Techni-Tool, Inc. to TestEquity, LLC

Industrial
Sale of Techni-Tool, Inc. to TestEquity, LLC

Summary

Baird served as exclusive financial advisor to W.W. Grainger, Inc. on this transaction

About

W.W. Grainger, Inc. (“Grainger”) (NYSE: GWW) recently completed the sale of Techni-Tool, Inc. (“Techni-Tool”) to TestEquity, LLC (“TestEquity”), a portfolio company of LKCM Headwater Investments. Terms of the transaction were not disclosed.

Grainger, with 2016 sales of over $10 billion, is North America's leading broad line supplier of maintenance, repair and operating products (MRO). Grainger also operates in Europe, Asia and Latin America. Grainger is headquartered in Lake Forest, Illinois.

Techni-Tool offers nearly 25,000 Electronic Production Supplies and related services to manufacturers in the electronics, telecommunications and medical services industries. Techni-Tool is a value-added partner to customers, providing technical advice, custom kitting, inventory management solutions and product compliance solutions. Techni-Tool is headquartered in Worcester, Pennsylvania.

TestEquity is a leading value-added provider of Test & Measurement Solutions, eMRO Tools & Supplies and also designs and manufactures its own line of Environmental Test Chambers in its headquarters in Moorpark, California. As a customer-centric business with highly trained and experienced product specialists across the United States, Canada and Mexico, TestEquity helps businesses by providing the industry's top brands together with innovative products and unparalleled customer service. TestEquity is headquartered in Moorpark, California.

LKCM Headwater Investments is the private investment arm of Luther King Capital Management (“LKCM”), a Fort Worth based investment firm founded in 1979 with approximately $13.7 billion in assets under management. LKCM and its affiliates have a long history of successfully investing in and growing value-added and niche distributors. LKCM Headwater Investments is headquartered in Fort Worth, Texas.
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Industrial
Sale of Techni-Tool, Inc. to TestEquity, LLC
Date
July 2017
Company
W.W. Grainger, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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