Private equity firm Inflexion acquired cutting tool distributor Cutwel to drive growth and enhance its marketing offerings.
Mid-market private equity firm Inflexion acquired Cutwel through its lower mid-market fund, Enterprise Fundy V.
Terms of the transaction were not disclosed.
U.K.-based cutting tool distributor Cutwel serves more than 13,000 customers in various sectors.
“Inflexion brings significant experience to Cutwel and we look forward to driving the business forward together with them,” Cutwel CEO Adam Gillard said in an Aug. 2024 news release. “We believe Inflexion’s experience in developing market-leading businesses is particularly well suited to our plans for building our customer offerings further.”
Inflexion said it plans to expand Cutwel’s sales team, leverage data and business intelligence capabilities to enhance performance and strengthen the company’s customer base to improve relationships with existing customers.
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