Ohio
Foundation Investment Partners Completes Acquisition of Spartan Tool Supply in Columbus, Ohio
CHAGRIN FALLS, Ohio, March 11, 2024 /PRNewswire/ — Foundation Investment Partners is pleased to announce the successful acquisition of Spartan Tool Supply, a premier distributor of industrial power tools and equipment based in Columbus, Ohio. Terms of the transaction were not disclosed.
For over 45 years, Spartan Tool Supply has served as a trusted supplier of high-quality commercial tools and equipment to businesses across various industries. With a strong focus on customer service and reliability, Spartan Tool Supply has built enduring relationships with clients throughout Central Ohio.
“We are thrilled to welcome Spartan Tool Supply into the Foundation Investment Partners family,” said David Wood, Managing Member of Foundation Investment Partners. “Spartan’s reputation for providing leading industrial brands and stocking unique, hard-to-find consumables and accessories align perfectly with our dedication to delivering exceptional value to our customers.” FIP plans to leverage its deep experience in the industrial distribution space to create value immediately.
Under the ownership of Foundation Investment Partners, Spartan Tool Supply will continue to operate autonomously, augmenting its existing workforce with industry veteran Derek Elbaor as CEO. The acquisition will provide Spartan with access to new resources and expertise to expand the team, enter new markets and build upon the Company’s success.
“We are excited about the opportunities that lie ahead as part of Foundation Investment Partners,” said Derek Elbaor. “With their support, we are confident that we can further elevate our capabilities and better serve our customers while staying true to the principles that have guided us for decades.”
About Foundation Investment Partners
Foundation Investment Partners is a private equity firm focused on building companies that account for the well-being of our people, recognizing that the cared for and empowered are more likely to outperform. FIP focuses on investing in niche manufacturers, high value-added distributors, outsourced business service providers, and niche software developers with EBITDA levels of $1 million to $10 million. FIP’s operating model focuses on embedding our team with the owners or operators of smaller businesses to provide the support, guidance, and resources necessary to grow the business. For more information, please visit www.foundationpartners.net
Contact:
David Wood
Founder & Managing Member
Foundation Investment Partners
[email protected]
(440) 903-1791
SOURCE Foundation Investment Partners
Snow hits downtown Columbus
Snow falls outside the Ohio Theatre as downtown Columbus turns into a winter wonderland.
Columbus City Schools is closing Monday, Dec. 15, after a weekend winter storm dumped more than 5.4 inches of snow on the region and cold temperatures descended.
Following the weekend snowfall, a cold weather advisory was issued for the area, to remain in affect across central Ohio through 11 a.m. Dec. 15.
It was 4 degrees at John Glenn Columbus International Airport at 8:30 a.m. Dec. 14, with a wind chill of 16 degrees below zero.
Late on Dec. 14, CCS posted it would close Dec. 15 “due to inclement weather.” See more school closings at NBC 4 or check back with the Dispatch throughout the morning.
This list will be updated as additional information becomes available. School districts are encouraged to send an email with any delays or closures to newsroom@dispatch.com.
Snow hits downtown Columbus
Snow falls outside the Ohio Theatre as downtown Columbus turns into a winter wonderland.
Now comes the cold.
After nearly 5½ inches of snow fell Dec. 13 in some parts of central Ohio, the National Weather Service says bitterly cold temperatures moving into the region will mean highs in just the single digits.
A cold weather advisory is in affect across central Ohio through 11 a.m. Dec. 15. It was 4 degrees at John Glenn Columbus International Airport at 8:30 a.m. Dec. 14, with a wind chill of 16 degrees below zero.
Temperatures to the west and south are even colder: 1 degree in Springfield, minus-1 in Dayton and minus-3 in Indianapolis. Those temperatures are not expected in the Columbus area, though. The forecast calls for slightly warmer temperatures by evening and highs in the low 20s Dec. 15.
The record cold expected for Dec. 14 — until now, the coldest high temperature in Columbus for this date was 16 degrees in 1917 — follows a day of record snow. The weather service recorded 5.4 inches of snowfall on Dec. 13 at John Glenn Columbus International Airport, topping the prior Dec. 13 record, which was 3.6 inches in 1945.
Level 2 snow emergencies, which means roads are hazardous and people should drive only if they think it’s necessary, remained in effect in Fairfield and Licking counties.
Level 1 snow emergencies are in effect in Delaware, Franklin, Madison, Union and Pickaway counties.
Bob Vitale can be reached at rvitale@dispatch.com.
CLEVELAND, Ohio — Ohio State’s game-winning play over West Virginia in the second overtime period Saturday night was simple: give the ball to Bruce Thornton and get out of his way.
The result was an 89-88 double overtime win in the Cleveland Hoops Showdown at Rocket Arena.
It took so much to get to this moment.
The Buckeyes did all they could in regulation to overcome a 14-point deficit, while awaiting their top player in Thornton to come through.
His teammates did the dirty work to keep them in the game. From their defense creating transition points, matching the Mountaineers’ physical brand of ball.
Once extra time came after the first 40 minutes expired, Thornton took care of the rest in the two overtime periods.
He delivered bucket after another.
None more important than the final one.
A tightly covered Thornton took it down to the top of the key before finding a mismatch and looking to take it to the hole. A defender cut off his path, however, forcing Thornton to operate elsewhere in the paint.
Thornton used his pivot foot wisely before finding an opening for a fadeaway jumper and knocking it down.
Twelve of his 21 points came in the overtime periods.
Ohio State fought to the end and earned a win over a hard-nosed Big 12 opponent.
Center Christoph Tilly did his best to limit the Mountaineers’ big men, while adding 14 points and 11 boards of his own.
Freshman big man Amare Bynum was a pivotal spark off the bench with 17 points, eight rebounds and three blocks.
Point guard John Mobley Jr. finished with 17 points and delivered the 3-point shot in the final seconds of the second half to give them their first lead since the 9:00 mark of the first half.
This story will be updated.
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