GWS Tool Group acquires Intrepid Tool Industries

GWS Tool Group acquires Intrepid Tool Industries

Acquisition extends geographic reach and custom product capability as a custom tooling provider.

Subscribe
January 10, 2020

GWS Tool Group, based in Tavares, Florida, has acquired Intrepid Tool Industries.

Located near Phoenix, Arizona, with approximately 100 employees and operating out of a 35,000ft2 facility, Intrepid provides carbide, HSS, and PCD cutting tools to the aerospace sector, with a special emphasis on threaded-shank and/or brazed construction drills, reamers, and countersinks.

“Intrepid could not have been a better fit for our organization,” said Rick McIntyre, GWS’ CEO. “In addition to this investment establishing a substantial physical presence on the west coast on which to further build, their industry-leading product and service portfolio is the perfect complement to our already dynamic offering. With acquisitions like Intrepid, we continue to get very close to there being nothing within the cutting tool supply chain we can’t address with some of the most precision products in the world.” McIntyre continued.

“I am very excited for Intrepid Tool to be joining GWS Tool Group,” said Bret Tayne, founder and president of Intrepid Tool. “This combination with GWS Tool Group serves the interests of all constituencies of Intrepid Tool, from customers to vendors to employees. We are proud to be joining such a talented organization.”

GWS Tool Group is a vertically integrated manufacturer of highly engineered custom, standard, and modified standard cutting tools, primarily servicing the aerospace and defense, power generation, automotive, and medical sectors. GWS Tool Group has acquired multiple businesses in the course of its growth which now serve as the respective manufacturing divisions for the company.