Nestor Sales Acquires NTW
National Distributor of Specialty Tools
July 18, 2011 – Charlotte, NC – Nestor Sales, LLC the parent company of Ace Tool Co., announced the acquisition of certain assets of NTW, formally Eastern Tool Warehouse “ETW”, a national distributor of specialty tools for the automotive aftermarket and heavy duty truck industries. The acquisition is part of Nestor’s growth strategy and allows its customers to enjoy product availability and timely delivery from 10 strategically located distribution centers across the United States.
“We are extremely excited in welcoming ETW customers and their employees to the Nestor Sales LLC family of businesses”, said Peter Hofbauer, President and Chief Operating Officer of Nestor Sales LLC. “This acquisition will provide us with a tremendous amount of industry knowledge as well as access to additional regional markets. The combined companies boast more than 100 years of business experience in the automotive aftermarket tool industry. With this combined knowledge and experience we will provide our customers not only with innovative products, but also the industry’s most superior world class service.”
About Nestor Sales
Nestor Sales, LLC is a leading national distributor of tools, equipment and supplies to the automotive repair and maintenance market and a supplier of maintenance, repair, operating and production products (MROP). Nestor Sales also provides flexible integrated procurement solutions for manufacturers and other users of MROP products. Nestor Sales has ten strategically located distribution centers throughout the United States.
About TSC Global
TSC Global is a leader in the sales, marketing and distribution of consumer brand products to America’s top retailers including travel centers and convenience stores. With over 250,000 square feet of warehousing and distribution, TSC Global distributes products for retailers across the globe. TSC Global owns 10 private label brands including Mistic Electronic Cigarettes and the number one selling mobile communication brands, Wilson, Francis and Astatic. TSC is headquartered in Charlotte, NC with offices nationwide.
About Carousel Capital
Carousel Capital is a private investment firm that invests in companies located in the Southeastern United States. Carousel’s investor base includes institutional investors and an elite group of more than 100 current and former CEOs with significant operating experience. Since its inception, Carousel has invested in 28 companies primarily in three targeted growth sectors: business services; consumer products and services; and healthcare services.