The DVS Group, a social impact investment banking firm, announces the acquisition of Scott Special Tools by Scott Moseley, owner of KC Supply. The transaction closed on June 30 and is the second business acquisition Scott Moseley has completed through DVS Group.
KANSAS CITY, Mo., July 25, 2022 /PRNewswire-PRWeb/ -- A former bank CEO, Moseley purchased his first business, KC Supply, through DVS in 2018. In business for 30 years, KC Supply distributes conveying, elevating and safety equipment, and is North America's largest stocking Knappco distributer. Moseley was ready for another acquisition, and DVS found exactly what he was looking for, Scott Special Tools.
St. Louis-based Scott Special Tools is a tooling distributer, serving the Midwest since 1944. Through impeccable customer service and unmatched industry knowledge, the company's team cultivates customer relationships, some dating back half a century. Their employees' goal has always been to create life-long partnerships, rather than make quick sales.
Sam Taets, DVS Group associate, explains, "Scott Special Tools' reputation meant a lot to its owners. When it came to finding the right buyer, they looked beyond the purchase price. They wanted a buyer who could and would maintain the company's hard-earned market position and guide the business through another 80 years. Given Scott Moseley's success with KC Supply and his passion to preserve the reputation of and grow Scott Special Tools, the sellers knew he was a great fit as their buyer."
"This is the second company I was able to purchase using DVS's service and the method was similar to my first purchase. From the initial call with the sellers, all during due diligence, and through the closing, Sam Taets from DVS was there to explain the process to the sellers, keep the bank and the attorneys up to date, and move the process along," says Moseley. "Scott Special Tools is comparable to KC Supply in that they are both distributers. It fits nicely in my wheelhouse, adding diversity to my personal portfolio. The sellers will remain with the company to ease the transition, and they were equally happy with the way Sam helped educate them during the process."
About the DVS Group
The DVS Group is a boutique, socially conscious investment bank and advisor, committed to making positive change. Since 2004, the firm has a particular specialization representing buyers throughout the United States. Their team understands business ownership has massive potential to impact for good lives, communities and the world. As an example, DVS puts a significant focus on working with veterans to buy businesses, as well as AbilityOne nonprofit agencies acquiring operating business to further their missions of increasing employment and dignity for the blind and visually impaired. For more information, The DVS Group is a boutique, socially conscious investment bank and advisor, committed to making positive change. Since 2004, the firm has a particular specialization representing buyers throughout the United States. Their team understands business ownership has massive potential to impact for good lives, communities and the world. As an example, DVS puts a significant focus on working with veterans to buy businesses, as well as AbilityOne nonprofit agencies acquiring operating business to further their missions of increasing employment and dignity for the blind and visually impaired. For more information, visit visit http://www.thedvsgroup.com.
Media Contact
Kevin Lindsey, The DVS Group, (913) 713-4156, [email protected]
SOURCE The DVS Group
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