Bain Capital's Apex Tool Group acquires Niagara Tools
Niagara Tools Ltd, a Canadian manufacturer of precision tooling, cutting and grinding equipment, has been bought by Apex Tool Group, a portfolio company of U.S. private equity firm Bain Capital Partners. The acquisition, the financial terms of which were not disclosed, was announced by U.S. merger and acquisition advisory firm Generational Capital LLC, which advised the St. Catharines, Ontario-based Niagara Tools on the deal. With headquarters in Sparks, Maryland, Apex is a manufacturer of professional hand and power tools. It was acquired by Bain in February 2013 in a transaction valued at US$1.6 billion.
27 August 2014•3 mins read
