DiversiTech Corp., a leading aftermarket manufacturer and supplier of highly-engineered components for residential and light commercial heating, ventilating, air conditioning and refrigeration (HVAC/R), announced that it has acquired Stride Tool LLC.
Based in Glenwillow, Ohio, Stride Tool is an OEM manufacturer of American-made specialty hand tools. Stride Tool maintains a manufacturing facility in Solon, Ohio, and manufactures a variety of products for tube working, automotive, electrical and industrial applications. The company also holds a strong patent history, with more than 60 total patents.
The acquisition enables DiversiTech to expand its HVAC/R tool product offering and increases the company’s U.S. manufacturing capabilities from five locations to six. The company already offers a broad portfolio of tool products through its hilmor line, which was acquired in 2018. New products gained through the acquisition include tube working tools, HVAC/R manifolds and hoses, wire strippers and other related products.
“Our acquisition of Stride Tool is a perfect strategic fit and furthers our mission to simplify the work of our wholesale customers and HVAC/R technicians,” said DiversiTech CEO Andy Bergdoll. “With Stride Tool, we are furthering our commitment to developing products made here in the U.S.A. and adding innovative brands that complement our existing product portfolio. We welcome Stride Tool to the DiversiTech family and continuing to better meet the needs of the HVAC/R marketplace with this venerable company in our fold.”
“We are excited to start this new chapter in Stride Tool’s storied history,” said Stride Tool CEO Ron Ortiz. “DiversiTech’s vast distribution network will enable us to gain greater domestic market penetration, while also leveraging our established international presence. We are also looking forward to leveraging DiversiTech’s extensive HVAC/R industry knowledge to bring even greater product innovation and solutions to our customers.”
DiversiTech Chief Sales and Marketing Officer Bud Sjogren commented, “As a ‘made in the U.S.A.’ company with a 100-plus year history, Stride Tool and Imperial have built a reputation for quality and innovation, two traits synonymous with DiversiTech. We are excited to be able offer a wider and more complete range of product options that can offer our customers and HVAC/R technicians a solution that best meets their specific needs.”
DiversiTech’s acquisition of Stride Tool is one of 11 acquisitions by the company in the past 28 months. The company currently offers more than 17,000 product items in over 200 product categories.
