Kian Capital acquires Eastwood
Summary
Home to the Eastwood™, Rockwood™, Maxx Power™, Fairmount Tools™, and Hot Coat™ brands, Eastwood has catered to the enthusiast and small mechanic markets by offering affordable, commercial-grade solutions for over 40 years. Built from the ground up since 1978, Eastwood has transformed from a catalog business to a leading eCommerce platform that is well-positioned for topline growth and EBITDA margin improvement over the next several years. Brian Huck, CEO of Eastwood, commented: “BGL’s ability to understand the characteristics of our business which drive true differentiation allowed us to find a fantastic partner (Kian Capital) for the next phase of Eastwood’s growth. They were able to utilize our key business metrics to develop a financial model and marketing narrative which allowed the buyer universe to better understand both the value, and the opportunity present in Eastwood. Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm focused on the global middle market.