General Tools & Instruments (General) has been acquired by High Road Capital Partners, a private equity firm based in New York City. The deal closed on February 4, 2014. General’s CEO and senior management team remain at the company’s helm.
The investment by High Road will enable General to accelerate its growth, taking the company’s longstanding tradition of “Precision, Specialty and Innovation” to the next level with increased product development and distribution, and new synergies across the board.
High Road Partner Jeff Goodrich said, “Together with General’s outstanding management team, we plan to pursue both organic growth initiatives and add-on acquisitions.”