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Generational Advises Innovative Tool Solutions in its Sale to BB Industries Supply

By Generational Group

03/21/2023

Generational, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Innovative Tool Solutions LLC to BB Industries Supply LLC. The deal closed March 14, 2023.

Located in Sarasota, Florida, Innovative Tool Solutions (ITS) is a retailer of stone countertop fabrication and installation tools and supplies. The Company specializes in diamond tooling, kitchen and bath sinks, shop supplies, chemicals, and specialty services.

BB Industries Supply (BBI), located in Knoxville, Tennessee, is a leading distributor of tools, materials and supplies to granite countertop fabricators, marble stone masons, and tile contractors. Its own branded products are a significant portion of total sales.

Generational Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, Senior M&A Advisor, Nick Arnheim, with the support of Vice President, M&A, Emil Nirkis, successfully closed the transaction. Executive Managing Director, Rick Buchoz, established the initial relationship with ITS.

“John Hager and Tim Olson have built a wonderful business, servicing their customers with dedication and care every step of the way. The acquisition of Innovative Tool Solutions by BB Industries Supply is a perfect match, and I know that BBI will continue to take the company to new heights under their leadership,” said Arnheim.

About Generational

Generational Group, headquartered in Dallas, is a leading, award winning, full-service M&A advisory firm. With more than 350 professionals located throughout 16 offices in North America, the company helps business owners release their business’ wealth by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, digital services, and wealth management.

The M&A Advisor named Generational Group Investment Banking Firm of the Year in 2016, 2017, 2018, 2022 & 2024. They also awarded us Valuation Firm of the Year and M&A Consulting Firm of the Year in 2022 and 2023. For more information, visit: https://www.generational.com.