Industrial supplies and safety equipment distributor AAA Industrial Equipment was acquired by private equity firm Foundation Investment Partners.

Terms were not disclosed, but AAA Industrial Supply will combine with fellow Foundation portfolio company Spartan Tool Supply and operate under the leadership of CEO Derek Elbaor.

MDM Case Study: LINC Systems (Premium access here)

Based in Garnett, IN, AAA Industrial Supply specializes in providing a wide range of products, including keyless locks, magnifiers, knives and blades, floor protection films, adhesives, lubricants and safety equipment for various industries. The company is a distributor of Lockey keyless locks for doors, gates and cabinets; magnifiers from brands such as Bausch & Lomb, Eschenbach, Coil and Carson; Super Lube lubricants; Sprayway adhesives; safety products from Ergodyne and DeWalt; OLFA knives; and KleenKlover carpet and floor protection films.

Ohio-based FIP said the acquisition will equip Spartan with additional resources and product lines, enabling the company to expand into new markets.

MDM’s 1Q25 M&A Report (store link) 

“We are excited about the opportunities that lie ahead as we integrate AAA Supply with our legacy business at Spartan Tool,” Elbaor said in a July 2 news release. “With AAA Industrial Supply’s online presence, we add nationwide ecommerce capabilities which will greatly improve our abilities to reach new customers from one strategic location in Columbus, Ohio.”