Construction Tool & Supply of Warren, MI Acquired by Individual Investor
Michimich.com/10148622

WARREN, Mich. - Michimich -- Calder Capital is thrilled to announce that Construction Tool & Supply of Warren, Michigan has been acquired by an individual investor.

Founded by Bill Parkhill in 1978, Construction Tool & Supply (http://ctsfastening.com/) markets and distributes specialty fasteners and fastening supplies to contractors doing industrial, commercial, and institutional construction. After over 40 successful and rewarding years in the business, Bill is ready to enjoy retirement with his spouse, Kathy. Bill engaged with Calder Capital in the spring of 2021 to find the ideal successor.

Construction Tool & Supply was acquired by Sohail Tootla of Detroit, Michigan. Sohail has experience in Operations & Project Management, Corporate Strategy, and Business Administration.

More on Michimich.com

• Sylvester Anthony III Introduces His Artist Journey with Debut Single "Cherish"
• Boston Industrial Solutions Introduces High-Performance Primer for Bonding Liquid Silicone to Epoxy
• Healthcare Leaders Publish New Integrated Behavioral Healthcare Guide, Led by Doctors of Behavioral Health
• Verbica Challenges Panetta to a Televised Debate on the Issues
• Salt Lake City Families Turn to Private Autopsy Services for Faster Answers After Unexpected Loss

"I am honored to purchase this wonderful business," commented Sohail Tootla. "I value Bill's philosophy and business ethic. It was immediately apparent to me that CTS is more than just a company--it is a significant part of Bill's life. My vision is to continue the legacy and reputation of Construction Tool & Supply for generations to come."

Garrett Monroe (https://www.linkedin.com/in/garrett-monroe-b5451a144/) served as the lead Mergers and Acquisitions advisor to Construction Tool & Supply.

"Bill and Kathy Parkhill have invested an entire lifetime into Construction Tool & Supply, and I am enthusiastic that the Company will continue with a new owner who has a similar passion for the fastener and industrial supplies industry," remarked Garrett, about the acquisition. "I am confident that Sohail will grow the Company by implementing technology, automation, and e-commerce to build on the foundation that Bill and Kathy established 43 years ago. This is a great example of why I do what I do - business owners like Bill deserve to benefit financially from what they have built and have their business continue into the future."

More on Michimich.com

• K2 Integrity's U.S. and EMEA Teams Again Recognized in Chambers and Partners 2026 Guides
• Connecta Satellite Solutions Ready to Support Emergency Communications Following the Venezuela Earthquake
• Rare 1933 Harold Weston painting will be auctioned to benefit the Keene Valley Library
• $20 Million Revenue Target, Accelerating Growth, 7% Of Outstanding Shares Retired, Clear Path Toward Profitability: VSee Health, Inc N A S D A Q: VSEE
• HomeCentris Home Health Achieves 5-Star CMS Rating

The acquisition of Construction Tool & Supply marks 33 for the Calder/SBDA Team for 2021 (https://www.caldergr.com/calder-capital-sbda-close-30th-transaction-of-2021-march-towards-records/). "Distribution businesses like CTS are our bread and butter," remarked Max Friar, Managing Partner of Calder Capital. "It's always  a pleasure when we can successfully transition a company founder/owner like Bill to an ambitious successor like Sohail, and even sweeter when we get the engagement begun in the spring and have the whole deal wrapped up before the holidays. A big congratulations to Bill and Kathy, Sohail, and Garrett for a smooth transaction."

Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to Construction Tool & Supply.