ShoreView completes take-private acquisition of P&F Industries, Inc.

December 2023
Investments

The Partners of ShoreView are pleased to announce an investment in P&F Industries, Inc. (“P&F”).

Founded in 1963, P&F is a global designer, manufacturer, and distributor of power tools, gears, and other highly engineered industrial equipment.  P&F’s products are sold under several proprietary brands including AIRCAT, Jiffy Air Tool, Universal Tool, and ATP, as well as under the private labels of major manufacturers and retailers.  The company’s products are used in a variety of end markets, including aerospace OEM, automotive aftermarket, DIY consumer, and other niche manufacturing.

Prior to its acquisition by ShoreView, P&F was listed on the NASDAQ.  The Company chose to pursue a take-private transaction to (i) provide liquidity to shareholders, including a significant founding-family member, (ii) increase capital availability for investment in long-term growth, and (iii) reduce the administrative burden and complexity of operating as a small public company.

Management, with the support of ShoreView, intends to invest in new product line development and end market expansion in addition to inorganic growth.  P&F will actively seek add-on acquisitions in the hand-held tools, gears, and niche industrial equipment sectors.

P&F represents ShoreView’s ninth platform investment in its latest fund, ShoreView Capital Partners IV, L.P., which was activated in 2020.  For more information on P&F please visit its website at https://pfina.com/.

About ShoreView
Founded in 2002, ShoreView is a Minneapolis-based private equity firm that has raised over $1.3 billion of committed capital across four funds.  ShoreView partners with family and entrepreneur-owned companies across many sectors, including niche manufacturing, value-added distribution, business services, residential services, industrial services, niche consumer, and aerospace/defense.  Shoreview structures various acquisition, recapitalization, and build-up transactions, typically in businesses with revenues ranging between $20 million and $300 million.

If you are interested in speaking with ShoreView about add-on or platform investment opportunities, please contact Garrett Davis at garrett@shoreview.com.

222 South Ninth Street, Suite 3300
Minneapolis, MN 55402