Daily News: November 29, 2017

Twin Brook Capital Supports General Tools’ Pactool Buy


High Road Capital Partners‘ portfolio company General Tools & Instruments completed the acquisition of the assets of PacTool International. Twin Brook Capital provided debt financing to support the transaction.

Based near Seattle, PacTool International designs and manufactures siding tools and gauges, specialty hand tools, cutting tools and blades used to cut and install fiber-cement siding, wood shingles and other exterior siding and cladding materials. PacTool’s products are used in construction, renovation and remodeling.

“The acquisition of PacTool strengthens General Tools’ market position as a leading provider of specialty tools and instruments. PacTool’s innovative niche exterior construction tools are an ideal complement to General Tools’ portfolio of precision hand tools and instruments, which are used by DIYers, tradesmen, and craftsmen, almost exclusively for interior applications,” said Jeffrey Goodrich, partner at High Road.

General Tools & Instruments’ acquisition of PacTool International closed November 22, 2017. Transaction considerations were not disclosed. Jones Day advised High Road. Seattle-based Murphy Business Brokers, together with Business Transition Advisors, advised the sellers.

High Road Capital Partners is a private equity firm focused on smaller middle market transactions.