November 4, 2024 – NEFCO, a leading value-added specialty supply partner serving the professional construction trades, is thrilled to announce its acquisition of Total Tool Supply (Total Tool), based in St. Paul, MN. This is NEFCO’s largest acquisition to date and marks its tenth acquisition since 2022 and fourth in 2024. Total Tool has 325 employees and operates 16 locations across eight states, including Minnesota, Wisconsin, Kansas, Indiana, Kentucky, Iowa, Nebraska, and Colorado.
With the addition of Total Tool’s 14 branch locations and two distribution centers, NEFCO now expands its reach to 59 locations across 28 states, enhancing its ability to provide next day jobsite delivery to contractors nationwide. This acquisition underscores NEFCO’s commitment to being the single best partner for contractors whenever and wherever they build.
Matthew Gelles, NEFCO’s President & CEO, expressed enthusiasm about joining forces with Total Tool: “We are incredibly grateful to Andy Jordan for choosing NEFCO as the partner-of-choice for Total Tool. We’re excited to partner with such a respected company, known for its talent, integrity, commitment to customer service, and family-oriented culture. 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.”
Matthew further emphasized the strategic significance of the acquisition: “Three years ago, NEFCO celebrated its 40th anniversary by setting a bold Vision to serve contractors at every jobsite across America. At that time, we were active in only about 25% of the U.S. construction market, with 13 locations along the eastern seaboard. 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.” Matthew went on to add, “while we’ve made tremendous strides, we still believe we are just beginning our journey of growth at NEFCO.”
Andy Jordan, President of Total Tool, shared his excitement about the partnership: “After nearly 48 years, Total Tool is excited to start this next chapter with NEFCO. Throughout Total Tool’s history, our customers, employees, and vendors have always been at the heart of every decision we make, and this partnership is no exception. By uniting with NEFCO, we’re creating opportunities for overall growth and advancement for our employees and expanding our footprint, products, and services to better serve our customers.”
About NEFCO – NEFCO is a family-operated value-added specialty construction supply company providing a broad range of products and services to a large variety of professional contractors. With 59 locations throughout the United States, NEFCO provides localized, contractor-centric services including extensive industry expertise, large local inventories, fast dependable jobsite delivery, turnkey engineering services, and specialty fabrication and assembly of construction materials, specifically its SHARP® product basket, consisting of Strut channel and fittings, Hardware & fasteners, concrete Anchors, threaded Rod, and Pipe Hangers. Website: www.GoNefco.com.
About Total Tool – Founded in 1977, Total Tool is a family-owned company purposefully grown to meet the demands of jobsites across North America. With four decades of service experience, Total Tool provides the know-how, expertise and strategic partnership to get the job done on time, on budget and in the safest way. From supplying a vast inventory of tools for purchase or rental to specializing in standard and custom rigging to keeping your tools and equipment in commission with certified warranty repair – Total Tool is your solution provider. The best outcomes come from the best solutions and the best solutions only come from the in-depth knowledge we bring to the table.
SOURCE: NEFCO
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