Rhino Tool House Acquires BoMar PneumaticsOctober 18, 2023
CONCORD, NC – Rhino Tool House, a leading value-added distributor of intelligent fastening solutions, customized material handling solutions and calibration services to OEMs, announced that it has acquired BoMar Pneumatics, Inc. Based in Indianapolis, Indiana, BoMar has been providing innovative assembly tool and material handling solutions to a diversified customer base since 1995. With the acquisition of BoMar, Rhino Tool House expands its geographic footprint within central Indiana.
“The acquisition of BoMar strategically expands our presence in Indiana and increases our ability to serve a critical base of innovative manufacturing customers,” says Dan Brooks, CEO of Rhino Tool House. “Our national footprint gives us cross-industry knowledge from a vast community of manufacturing experts, and this acquisition strengthens our ability to provide targeted local support to customers in the region.”
“We are very excited to join the Rhino Tool House team,” says BoMar founder Blair Brimmer. “The partnership will allow us to continue supporting our valued customers, while expanding our capabilities and product portfolio.”
Eric Hansen, Partner at Blue Sea Capital, added, “We are excited to welcome BoMar into the Rhino Tool House platform. BoMar represents another critical addition to our geographic footprint and is the second of many strategic acquisitions that will be completed during the years ahead.”
About Rhino Tool House
Rhino Tool House (www.rhinotoolhouse.com) is a leading value-added distributor of intelligent fastening solutions, customized material handling solutions and calibration services to OEMs across a wide range of end markets. The Company provides superior services, local expertise and a high degree of responsiveness to empower its customers to be more productive, build better quality products and maintain safe environments for their employees. The Company is headquartered in Concord, North Carolina and employs over 250 full-time employees across thirteen facilities. Rhino Tool House and Blue Sea Capital partnered in 2023 and have subsequently completed two add-on acquisitions for the platform.
Blue Sea Capital (www.blueseacapital.com) is a private equity firm based in West Palm Beach, Florida, that invests in growth-oriented lower middle market companies with EBITDA of up to $30 million. The firm has $1.4 billion in committed capital and invests across three industry verticals: aerospace & defense, healthcare and industrial growth. Blue Sea Capital’s strategy is to partner with talented leaders and differentiated companies, typically as the first or second institutional investor, and deliver strategic and operational value-add that drives growth acceleration, industry outperformance and business transformation.