Snap-on completed the acquisition of Sturtevant Richmont of Carol Stream, IL, a manufacturer of tools and testing devices and client of Generational Equity, a mergers and acquisitions advisor. The acquisition closed in November of 2016.

Sturtevant Richmont, founded in 1940, is a family-owned business, with six siblings sharing ownership. Sturtevant holds more than 70 torque-related patents. The company became the first torque tool manufacturer to be ISO 17025 certified and ISO 9001 certified, among other firsts.

Snap-on, founded in 1920, is a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions. The S&P 500 company’s solutions serve vehicle dealerships and repair centers, as well as customers in various industries including aviation and aerospace, agriculture, construction, government and military, mining, natural resources, power generation and technical education.

Sturtevant Richmont will be part of the Snap-on’s commercial and industrial group. The acquisition enhances and expands Snap-on’s capabilities in providing solutions that address torque requirements, which are increasingly essential to critical mechanical performance.

Generational Equity Managing Director Douglas Smith’s team, headed by trusted affiliate Jerry Yocum with support from Generational Equity Vice Presidents Ryan Johnson and Musa Jagne, closed the deal.