IG Completes Transaction for Hardware & Farm Supply Distributing Company
May 2019 - The Independence Group (IG) has completed the sale of a Hardware and Farm Supply Distributing Company. The Buyer is a privately-held corporation in the agricultural equipment industry.
The Company specializes in professional grade farm tools and supplies. With a focus on niche products, it has its own private brand of tools that is growing rapidly. It serves the agricultural and industrial markets, including (but not limited to) hardware and farm supply stores, feed stores, auto parts stores and industrial contractors. The Company has maintained steady growth, strong dealer relationships and a high level of recurring customer sales.
The Buyer is a major supplier of used, new and re-manufactured tractor and combine parts with ten locations in the U.S. This acquisition will enable it to expand its footprint in the agricultural hardware and tool space.
The Seller will assist the Buyer in implementing growth strategies, which will include accelerating sales for the Company's proprietary brand of tools, as well as boosting online and outside sales. The Seller will exit the Company at an appropriate time.
Joe Cavazos, IG Consultant, worked closely with this Seller throughout the sale process. The IG team included Larry Willis, President, Ale Cavazos, VP of Finance and Administration, Janet Scherr, Marketing Manager and members of the office support staff.
With consultants in California, Utah, the East Coast and in the Upper Midwest, IG represents clients from across the U.S. The firm works in tandem with its buy-side services division, Acquisition Partners (AP), to provide a full range of M&A services. For more information about AP visit www.acq.partners.