The strategic acquisition adds to Federal Resources’ portfolio of products and brings new solutions to its customers.
Stevensville, MD (December 14, 2017) – Federal Resources, headquartered in Stevensville, MD, completed the acquisition of Wright Tool Company, a leading provider of automotive and industrial equipment and tools, based in Troy, MI.
Federal Resources, a prime supplier of defense and security solutions to United States and international governments, is expanding its products and services to include maintenance, repair, and operations (MRO). In 2017, Federal Resources identified target markets to expand their footprint, and this acquisition is critical to achieving that strategic goal. “This is a big step and represents our largest acquisition to date,” said Robert McWilliams, CEO of Federal Resources. “Together, our combined resources and capabilities will allow Federal Resources to offer a greater breadth of MRO products, services, training and subject matter expertise to new and already existing customers. Wright Tool will prove to be a force-multiplier for Federal Resources’ current product and service offerings and will bolster capabilities for the warfighter.”
Wright Tool Company is a tool and equipment distributor, representing over 200 premier brands for over 45 different applications. Wright Tool utilizes engineering and manufacturing expertise to provide custom solutions for kits, specialty tools, and equipment and is an industry leader in warehousing, distribution, sourcing, procurement, and customization. They are a predominant supplier of equipment and tools to the United States government and are an approved supplier to the military.
“Wright Tool Company is excited to announce joining the ranks of Federal Resources. Wright Tool Company has experienced unprecedented year-over-year corporate growth, and we strongly believe this strategic alliance is the best path forward to continue this momentum,” said Brian McNanney, Executive Vice President of Wright Tool. “We are proud of our employees, our network of strategic manufacturing partners, and the dedication of 70 years of customer service that Wright Tool Company has brought its customers. We look forward to working with Federal Resources to continue driving towards highest levels of performance and customer satisfaction.”
Terms of the transaction were not disclosed, but Federal Resources will maintain MRO operations out of its new Troy, MI office under the Wright Tool brand.