Factor89 to acquire Master Magnetics.

Factor89, a specialized private equity firm, agreed to acquire Master Magnetics, an online store for magnets for B2B and B2C companies like automotive, construction, design, and agriculture. Financial terms were not disclosed. “For 48 years, Master Magnetics has committed to delivering exceptional products and has built a strong customer base. Factor89’s strategic approach and resources will enable the company to scale operations and innovate further to meet the market’s evolving needs,” Jennifer Brown, Master Magnetics CEO.