ShoreView Industries, a private equity firm, completed the acquisition of P&F Industries, a manufacturer and importer of air-powered tools and accessories sold principally to the aerospace, industrial, automotive, and retail markets, for $50m. "The closing of this transaction represents the beginning of a new chapter for P&F, and we are excited for what the future holds. We are proud of the leadership position we have built and believe we are well prepared to advance our business and continue delivering high value tools for our customers with the expertise of the Shoreview team," Richard Horowitz, P&F Industries Chairman of the Board, CEO and President.