Air-Power Tools Maker P&F Industries Going Private - Modern Distribution Management

Log In

Air-Power Tools Maker P&F Industries Going Private

The company said it has agreed to be acquired by ShoreView Industries in an all-cash transaction for $13 per share.
P&F logo

On Oct. 13, Melville, New York-based air power tool maker P&F Industries, Inc. announced that it has entered into a definitive agreement to be acquired by ShoreView Industries in an all-cash transaction for $13 per share.

The purchase price represents an approximately 97% premium to the closing stock price of the company’s stock on October 12, the last trading day prior to announcing the transaction, according to a company news release.

“We are pleased to reach this agreement with ShoreView, which provides significant premium cash value to our shareholders,” said Richard Horowitz, P&F Chairman of the Board, CEO and President. “Following comprehensive outreach to potential parties, our Board determined that ShoreView is the right partner for P&F that brings deep knowledge within the manufacturing industry. As a private company, the Company will have additional financial and operational flexibility to pursue our strategy to better serve customers across our markets.”

The transaction is expected to close in the fourth quarter of this year, subject to approval by holders of a majority of the shares not owned by Horowitz, consent of one of the company’s significant customers and other customary closing conditions.

After the deal is finalized, P&F will become a wholly owned subsidiary of ShoreView and P&F’s common stock will no longer be listed on any public market.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.