Threaded adapters and countersinks
8-facet PDC drills, carbide drills/countersinks
GWS Tool Group announced that it has acquired Intrepid Tool Industries. Intrepid is the first add-on acquisition in 2020 for GWS.
Located near Phoenix, with approximately 100 employees and operating out of a 35,000 sq. ft. facility, Intrepid is a provider of carbide, HSS and PCD cutting tools to the aerospace sector, with a special emphasis on threaded-shank and/or brazed construction drills, reamers and countersinks.
"Intrepid could not have been a better fit for our organization," said Rick McIntyre, CEO, GWS. "In addition to this investment establishing a substantial physical presence on the West Coast on which to further build, Intrepid's industry leading product and service portfolio is the perfect complement to our already dynamic offering. With acquisitions like Intrepid, we continue to get very close to there being nothing within the cutting tool supply chain we cannot address with some of the most precision products in the world."
"I am very excited for Intrepid Tool to be joining GWS Tool Group," said Bret Tayne, founder and President of Intrepid Tool. "The leadership of GWS Tool Group is the most dynamic and energetic team in the industry. This combination with GWS Tool Group serves the interests of all constituencies of Intrepid Tool, from customers to vendors to employees. We are proud to be joining such a talented organization."
"The continued expansion of GWS by way of acquisitions and constant investment in world class technology, people and equipment has created an unmatched value proposition for customers operating in advanced machining environments, especially in the area of custom tooling," said a company spokesperson. "GWS remains committed to the expansion of this value proposition and expects to continue to demonstrate this commitment through continued investment in the core business unit in addition to highly strategic follow on acquisitions."
For more information contact:
GWS Tool Group
595 County Road 448
Tavares, FL 32778
877-497-8665
sales@gwstoolgroup.com
www.gwstoolgroup.com
Intrepid Tool Industries
10895 N. Solar Canyon Way
Surprise, AZ 85379
800-998-6565
sales@intrepidtool.com
www.intrepidtool.com