Rainer Partners has acquired Performance Tool

Meridian Capital LLC (“Meridian”), a leading Seattle-based middle-market investment bank and M&A advisory firm is pleased to announce the successful acquisition of one of its clients, Wilmar Corporation (“Wilmar” or the “Company”), by Rainier Partners (“Rainier”).

Based in Kent, Washington, Wilmar is a supplier, distributor, and category manager of specialty tools, hand tools, and equipment for over 750 customers in the automotive aftermarket, hardware, farm and fleet, and industrial end markets. Trading under multiple brand names, including Performance Tool, Wilmar provides quality tools, great service, and innovative packaging and product support to retail and distributor customers. The acquisition by Rainier Partners provides a great partner to support the continued growth of the Performance Tool brand.

Jon Cantalini, CEO and owner of Wilmar Corporation shared “The Meridian team drove a highly customized and comprehensive approach to our process that led to a competitive process and great outcome. Our team is excited about the partnership with Rainier Partners and what it means for the next phase of growth at Wilmar. Meridian provided excellent guidance and a thoughtful strategy throughout the transaction.”

Brian Murphy, President and Managing Director at Meridian stated, “It was an honor to work with Wilmar and the Cantalini family. We appreciate them trusting us with this opportunity. Wilmar and the Performance Tool brand have experienced tremendous growth and built a differentiated position in the automotive specialty tool category over the past two decades. The Company’s new partnership with Rainier positions the business for accelerated growth in new channels and geographies.”

This transaction represents continued momentum for Meridian’s Diversified Industrials practice