Private equity firm High Road Capital Partners said May 7 that its Secaucus-based portfolio company General Tools & Instruments acquired specialized lawn and garden tools provider Garden Weasel for an undisclosed amount.
The deal is the second by General Tools under its ownership by High Road, the buyout firm said, following the November 2017 purchase of PacTool International.
The target’s products, which include cultivators, weeders, edgers, nut gatherers and hand tools, are available in hardware stores, farm stores, home improvement centers and big-box retailers.
“Garden Weasel is known for premium quality and durable products, which complement our portfolio of award-winning products,” said Ralph Mallozzi, president and chief executive officer of General Tools, in a statement. “We see a tremendous opportunity for the company by enhancing marketing, developing innovative new products and line extensions, and broadening distribution.”
High Road said the acquisition closed on April 9. Partner Jeffrey Goodrich led the deal for the firm, assisted by Principal Eojin Lee and Associate Austin Arnold.
Twin Brook Capital Partners provided financing for the deal. Jones Day counseled High Road.