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Announced

Granite Creek Capital and Canterbury Ventures to acquire Diamond Blade Warehouse.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

United States

Acquisition

Private Equity

cutting tools

Diversified Industrials

Private

Domestic

Friendly

Majority

Synopsis

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Granite Creek Capital, an active manager of lower middle market debt and equity investments, and Canterbury Ventures, an investment firm, agreed to acquire Diamond Blade Warehouse, a distributor of construction cutting tool consumables, providing professional-grade replacement parts. Financial terms were not disclosed. “Granite Creek has been by our side every step of the way. As we plan for Diamond Blade Warehouse’s growth, we are fortunate to have supportive capital partners and an all-star employee team that spends every day advising our customers on how to save money on their consumables while maximizing their jobsite efficiencies," Jim Farrell, Diamond Blade Warehouse CEO.

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