General Tools & Instruments (General®) has been acquired by High Road Capital Partners, a private equity firm based in New York City. General’s CEO and senior management team remain at the company’s helm.
“General remains focused on providing its customers with feature-rich, value-oriented specialty hand tools and test instruments,” says CEO Joe Ennis. “We look forward to working with High Road and continuing the company’s successful expansion.”
High Road Partner Jeff Goodrich says, “Together with General’s outstanding management team, we plan to pursue both organic growth initiatives and add-on acquisitions.”
According to a company press release, High Road was attracted to General Tools & Instruments for several reasons.
“General Tools & Instruments is a third-generation, family-run company with an enviable customer base, a trusted brand name and high-quality products. It has a solid position as a leading provider of specialty hand tools and instruments across multiple industries,” says Goodrich.