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 markets and distributes specialty fasteners and fastening supplies to contractors doing industrial, commercial, and institutional construction. After over 40 successful and rewarding years in the business, Bill is ready to enjoy retirement with his spouse, Kathy. Bill engaged with Calder Capital in the spring of 2021 to find the ideal successor.
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 served as the lead Mergers and Acquisitions advisor to Construction Tool & Supply.
“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. “Distribution businesses like CTS are our bread and butter,” remarked Max Friar, Managing Partner of Calder Capital. “It’s always a pleasure when we can successfully transition a company founder/owner like Bill to an ambitious successor like Sohail, and even sweeter when we get the engagement begun in the spring and have the whole deal wrapped up before the holidays. A big congratulations to Bill and Kathy, Sohail, and Garrett for a smooth transaction.”
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to Construction Tool & Supply.
About Construction Tool & Supply
Construction Tool & Supply (CTS) is a premier distributor of fasteners, tools and supplies for building, construction, and industrial maintenance. The Company has decades of experience in servicing the industry with a reputation contractors can rely on. CTS is centrally located in the Detroit-metro area with thousands of specialty fasteners and hard-to-find supplies in stock. Construction Tool & Supply’s solutions have been used in landmark projects around Detroit including the Renaissance Center, Little Caeser’s Arena, Ford Field, University of Michigan Hospital, Ford’s Dearborn plant, and many, many more.