The Tools Supply purchased by Eberhart Capital
Personal fairness agency Eberhart Capital has acquired Naples, Florida-based software and tools rental agency The Tools Supply.
Based in 1999 by Billy Martinez, the southwest Florida retailer is the unique supplier for Manitou and Mustang tools in Collier and Lee Counties. The Tools Supply is also Collier County’s Kobelco compact excavator supplier.
Administration has transitioned from Martinez to Steve Acquafresca, who’s now normal supervisor of The Tools Supply. The corporate rents a wide range of tools, together with small instruments, excavators, loaders, ground grinders, forklifts and growth lifts.
“This acquisition provides us one other unimaginable crew targeted on serving to America rebuild,” says Dan Okay. Eberhart, managing director, Eberhart Capital. The corporate additionally owns Contractor Gross sales & Service of Des Moines, Iowa. Phrases of the deal weren’t disclosed.
Acquafresca led The Tools Supply because it developed a contactless drive-up service in response to the pandemic. This permits clients to order and pay for objects upfront and name after they arrive for pickup.