Regimen Equity Partners Inc., a Canadian-based private equity firm, has acquired Thomas Skinner & Son Ltd., a generational, privately-owned Canadian business.
Founded in 1904 and headquartered in Richmond, British Columbia, with offices, showrooms and distribution centers in Edmonton, Calgary and Winnipeg, Thomas Skinner is a western Canadian distributor of industrial metalworking equipment, such as CNC and conventional machine tools, cutting tools and measuring instruments, among others. The company holds multi-decade relationships with original equipment manufacturers such as Haas Automation Inc., Okuma Corp. and Mitutoyo Corp., and manufacturing tools suppliers such as Sandvik Cormorant, Lenox Tools, and Harvey Tool.
“Machine tools represent a critical component of the overall economy, and we believe the market will continue to grow as companies look for reliable North American-based manufacturing and continue to invest in automation,” says David Eisler, managing director at Regimen. “This investment fits well with Regimen’s philosophy of investing in businesses that will continue to be around for generations to come.”