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Construction Tool & Supply of Warren, MI Acquired by Individual Investor
Calder Capital is thrilled to announce that Construction Tool & Supply of Warren, Michigan has been acquired by an individual investor.
Founded by Bill Parkhill in 1978, Construction Tool & Supply (http://ctsfastening.com/)
Construction Tool & Supply was acquired by Sohail Tootla of Detroit, Michigan. Sohail has experience in Operations & Project Management, Corporate Strategy, and Business Administration.
"I am honored to purchase this wonderful business," commented Sohail Tootla. "I value Bill's philosophy and business ethic. It was immediately apparent to me that CTS is more than just a company--it is a significant part of Bill's life. My vision is to continue the legacy and reputation of Construction Tool & Supply for generations to come."
Garrett Monroe (https://www.linkedin.com/
"Bill and Kathy Parkhill have invested an entire lifetime into Construction Tool & Supply, and I am enthusiastic that the Company will continue with a new owner who has a similar passion for the fastener and industrial supplies industry," remarked Garrett, about the acquisition. "I am confident that Sohail will grow the Company by implementing technology, automation, and e-commerce to build on the foundation that Bill and Kathy established 43 years ago. This is a great example of why I do what I do - business owners like Bill deserve to benefit financially from what they have built and have their business continue into the future."
The acquisition of Construction Tool & Supply marks 33 for the Calder/SBDA Team for 2021 (https://www.caldergr.com/
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to Construction Tool & Supply.
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