Construction and contractor supplies distributor NEFCO has significantly expanded in a big way, announcing the acquisition Total Tool Supply (Total Tool).
Terms of the transaction were not disclosed.
Founded in 1977, Total Tool is an industrial tool supplier with 14 branches and two distribution centers. With this acquisition, NEFCO said it now operates 59 locations across 28 states, significantly improving its capacity to offer next-day delivery to contractors at job sites.
“We’re excited to partner with such a respected company, known for its talent, integrity, commitment to customer service and family-oriented culture,” NEFCO President & CEO Matthew Gelles said in a Nov. 4 news release. “Total Tool’s focus on mechanical, electrical and plumbing (MEP) contractors, as well as tools, safety and contractor supplies, aligns seamlessly with NEFCO. We’re looking forward to bringing our SHARP expertise, extensive product offerings and value-added prefabrication and engineering services to Total Tool’s customers.”
It represents NEFCO’s biggest acquisition to date, fourth in 2024 and 10th since the start of 2022. It adds 325 employees across 16 locations in eight states: Minnesota, Wisconsin, Kansas, Indiana, Kentucky, Iowa, Nebraska and Colorado.
“Today, thanks in-part to the acquisition of Total Tool, we have locations in over 60% of the construction market nationwide, with nearly 60 locations across 28 states,” Gelles added. “While we’ve made tremendous strides, we still believe we are just beginning our journey of growth at NEFCO.”
The news comes just two weeks after NEFCO said it acquired Sheinberg Tool in Corpus Christi, TX.
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