
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, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.
Celebrating its 20th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million in 2022, 2023, and 2024.
The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.