Rhino Tool House Acquires MP Industrial
March 27, 2024CONCORD, 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 MP Industrial (“MPI”). Based in Tacoma, Washington, MP Industrial has been providing a wide range of assembly tools and material handling solutions to a diversified customer base for over 20 years. With the acquisition of MPI, Rhino Tool House grows its presence in the Western U.S., while expanding its capabilities within repair & maintenance and calibration services.
“We are delighted to add MP Industrial to the Rhino Tool House family,” said Dan Brooks, CEO of Rhino Tool House. “This acquisition significantly expands our geographic footprint, strengthening our ability to provide local support and a broad product offering to our customers in the West.”
“We are excited to partner with the Rhino Tool House team,” said MP Industrial president Mike Madden. “We look forward to continuing to serve our customers with an expanded solution offering and increased service capabilities.”
Eric Hansen, Partner at Blue Sea Capital, added, “We are very happy to welcome MP Industrial into the Rhino Tool House platform. MPI represents a critical addition to our geographic footprint and marks the fourth strategic acquisition completed in the first year of Blue Sea Capital’s partnership with Rhino Tool House.”
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 fourteen facilities. Rhino Tool House and Blue Sea Capital partnered in 2023 and have subsequently completed four add-on acquisitions for the platform.
Blue Sea Capital is a private equity firm based in West Palm Beach, Florida that invests in growth-oriented lower middle market companies valued up to $300 million. The firm has over $1.4 billion in assets under management 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.
